DGAP-Adhoc: Balda AG: Italian Stevanato Group submits binding offer regarding sale of entire operating business – offer and invitation to extraordinary General Meeting are being reviewed


Balda AG / Key word(s): Disposal

14.12.2015 22:30

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.


Bad Oeynhausen, 14 December 2015 – Today, Balda AG received a binding offer

by the Italian Stevanato Group (“Stevanato”) regarding the sale of its

entire operating business at a purchase price of EUR 80 million.

The Annual General Meeting of Balda AG on 30 November / 1 December 2015 had

already approved a binding offer by the Heitkamp & Thumann Group,

Düsseldorf (“H&T”), concerning the sale of its entire operating business at

a purchase price of EUR 74 million. Balda AG so far has not accepted this


The offer by Stevanato would also comprise the sale of all operating units

of the Balda Group, namely Balda Medical GmbH & Co. KG, Balda C. Brewer,

Inc. and Balda Precision, Inc., both located in California, USA, as well as

Balda Medical Systems SRL, Romania, and further assets. Moreover, Stevanato

also offers to keep all employees of the operating units and take over

staff of Balda AG. Contrary to H&T, Stevanato intends to also purchase the

“Balda” brand and any associated (intangible) assets.

The binding offer by Stevanato is oriented towards the bid by H&T, but in

part contains deviating guarantees and indemnities of the sellers. It is

also subject to prior approval by the General Meeting of Balda AG.

The Management Board and Supervisory Board will immediately review the

offer by Stevanato. The Management Board will announce in the next few days

whether an extraordinary General Meeting will be convened based on the

Stevanato offer, which would then probably take place in late January 2016.

Contact / contact person

Michael Pfister

Deekeling Arndt Advisors

tel: +49 (0) 5734 922 2555

mobile: +49 (0) 160 90560506

email: michael.pfister@deekeling-arndt.de

About Balda

Balda (ISIN: DE0005215107) is a provider of high-end plastics solutions

that rely on quality in sophisticated fields of application in the

healthcare, lifestyle, automotive and consumer electronics industry. Balda

operates in Europe and Northern America and has state of the art production

sites at the Oeynhausen headquarters in Germany and in the US. The

company’s success with its about 800 staff worldwide is based on the use of

modern, cost-efficient technologies and the close cooperation with our

customers in a spirit of trust.


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Language: English

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

E-mail: ir@balda-group.com

Internet: www.balda-group.com

ISIN: DE0005215107

WKN: 521510

Listed: Regulated Market in Frankfurt (Prime Standard); Regulated

Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,

Munich, Stuttgart

End of Announcement DGAP News-Service