AI assistant
Wolford AG — M&A Activity 2020
Apr 3, 2020
771_iss_2020-04-03_5d2d15a2-8920-45a1-874b-b9660cebe2c3.pdf
M&A Activity
Open in viewerOpens in your device viewer
Publication Date: 03.04.2020 11:23 EANS-Adhoc: Wolford AG / Wolford in negotiations to sell and rent the company property in Bregenz
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Strategic Management Decisions 03.04.2020
Bregenz - Wolford AG is currently in the final phase of negotiations with the Blum Group on the sale and rental of the company's property in Bregenz, Wolfordstraße 1 and 2. The purchase price offered amounts to approximately EUR 72 million. Wolford plans to rent the operational property from the buyer on a long-term basis, as the headquarters and production facilities are to remain at the location. The exclusive negotiations were preceded by a bidding process with several prospective buyers which took several months. Upon implementation of the transaction, Wolford AG expects to be able to repay all credit lines of its Austrian banking partners and also to have sufficient financial resources to properly position the company for the future.
Further inquiry note: Wolford AG Katharina Maurer Global Communication Tel: +43 (0) 5574 690 1291 [email protected] / company.wolford.com
end of announcement euro adhoc
| issuer: | Wolford Aktiengesellschaft |
|---|---|
| Wolfordstrasse 1 | |
| A-6900 Bregenz | |
| phone: | +43(0) 5574 690-1258 |
| FAX: | +43(0) 5574 690-1410 |
| mail: | [email protected] |
| WWW: | http://company.wolford.com |
| ISIN: | AT0000834007 |
| indexes: | ATX GP |
| stockmarkets: Frankfurt, Wien, New York | |
| language: | English |