Balda AG / Key word(s): Disposal
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.
The new owner intends to retain all existing employees
With Euro 7.5 million the price realised is in line with expectations
An additional Euro 4.0 million Balda receives from the redemption of
intercompany loans by the vendee
Bad Oeynhausen, 26 February 2007 – Today Balda has sold Balda-Heinze GmbH &
Co. KG and HeRo Galvanotechnik GmbH both domiciled in Herford (North
Rhine-Westphalia) and Sächsische Metall- und Kunststoffveredelungs GmbH
(SMK) in Oberlungwitz (Saxony). The respective disposals have already been
announced last year. Vendee is Hanse Industriekapital-Beteiligungs-GmbH
(HanseIK) domiciled in Hamburg. According to plan all 408 employees will
retain their jobs.
Balda-Heinze offers coated premium plastic components, HeRo and SMK
specialise on galvanic finishing. As of today all three sites are
predominantly producing for the automotive industry. HanseIK is well placed
in the sector through its Consulting Company ITM Consulting Group Inc. &
Co. KG and intends to leverage and to further strengthen the already
excellent position of the three sites in the European market. A long term
agreement of cooperation provides Balda with ongoing access to the
With Euro 7.5 million the price realised by Balda is in line with
expectations. An additional Euro 4.0 million Balda receives from the
redemption of intercompany loans taken over by the vendee. As a result
Balda totals Euro 11.5 million from the sale.
Balda AG, Cersten Hellmich or Kathrin Wiederrich, Telephone: + 49 5734 922
2706 / 2751, Facsimile: + 49 5734 922 2691, e-mail: email@example.com,
firstname.lastname@example.org, Internet: www.balda.de
26.02.2007 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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