DGAP-Adhoc: Balda AG: Balda AG sells Albea Kunststofftechnik GmbH in Seelbach
22.12.2006
Balda AG / Key word(s): Disposal
22.12.2006 12:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The new owner intends to retain all employees of Albea
With approximately Euro 3.5 million the price realised is in line with
expectations
Balda receives an additional approximately Euro 8.0 million from the
redemption of intercompany loans by the vendee
Bad Oeynhausen – Today Balda has sold Albea Kunststofftechnik GmbH with
production facilities in Seelbach (Baden-Württemberg) as announced. Vendee
is a group of investors advised by INKAP Industriekapital GmbH. All 290
employees of Albea will retain their jobs according to plan. The existing
contracts with a temporary employment company will also be taken over;
currently 100 temporaries are working at the Seelbach plant.
INKAP intends to leverage and to further strengthen Albea’s excellent
market position and in particular its European presence. Albea is a
manufacturer of premium plastic components for a range of industries,
including the automotive sector. With approximately Euro 3.5 million the
price realised by Balda is in line with the expectations. In addition the
vendee pays back to Balda intercompany loans totalling approximately Euro
8.0 million.
Balda AG, Cersten Hellmich and Kathrin Wiederrich (Investor Relations),
Telephone: +49 (0) 5734 922 – 2706 / 2751, Facsimile: +49 (0) 5734 922 –
2691, e-mail: chellmich@balda.de, kwiederrich@balda.de, Internet:
www.balda.de
22.12.2006 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
E-mail: info@Balda.de
Internet: www.balda.de
ISIN: DE0005215107
WKN: 521510
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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