Balda AG / Key word(s): Legal Matter
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In the context of the arbitration proceedings pending in the US, Balda
Investments USA LLC, a wholly owned subsidiary of Balda AG, decided to file
a counterclaim against the sellers of Balda C. Brewer, Inc. (formerly known
as C. Brewer Company). These sellers had filed an arbitration motion
against Balda Investments USA LLC at the end of December 2014. Balda
Investments USA LLC assert claims for compensatory damages in an amount of
approx. 12 m USD, as well as punitive damages in an undetermined amount and
request the awarding of costs in connection with the suit to the sellers.
Considering that the arbitral proceeding is pending and will further
develop, Balda AG can currently not make any further comment in this
Tel: +49 (0) 5734 922-2555
Balda (ISIN: DE0005215107) is a provider of first-class solutions in
plastics for demanding, high-quality applications in the fields of
healthcare, lifestyle, automotive and consumer electronics industries.
Balda has operating divisions in Europe and America and maintains
state-of-the-art production facilities at its headquarter in Bad
Oeynhausen, Germany as well as in the USA. The success of Balda, which
employs around 780 people, is based on the deployment of leading-edge,
cost-effective technologies, coupled with the trust-based and close
collaboration with customers.
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service