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Polytec Holding AG — M&A Activity 2011
Dec 23, 2011
754_iss_2011-12-23_1517ae4d-b030-421f-bc64-4277a8b61a21.pdf
M&A Activity
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EANS-Adhoc: Polytec Holding AG / POLYTEC GROUP finalised the exit from the interior business with the sale of the Zaragoza plant
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
POLYTEC HOLDING AG today signed an agreement about the sale of the Zaragoza plant to Celulosa Fabril S.A.
The sale of the Zaragoza plant to Celulosa Fabril S.A is the final step in the exit of POLYTEC GROUP from the interior business - we refer also to the ad hoc announcement from June 9, 2011. In 2011 the plant will achieve total sales of approx. 30 mill. EUR with 90 employees.
The transfer of beneficial ownership (closing) will be effective as of January 1, 2012. The sale of the assets in the course of an asset deal will also result in a minor, positive earnings effect in the first quarter 2012.
The sale- and earnings guidance, given in the course of third quarter reporting, can be fully confirmed.
Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 [email protected]
issuer: Polytec Holding AG Linzer Straße 50 A-4063 Hörsching phone: +43 (0) 7221 / 701-0 FAX: +43 (0) 7221 / 701-0 mail: [email protected] WWW: www.polytec-group.com sector: Industrial Components ISIN: AT0000A00XX9 indexes: ATX Prime stockmarkets: official market: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service