Balda AG / Key word(s): Disposal
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
Deekeling Arndt Advisors
tel: +49 (0) 5734 922 2555
mobile: +49 (0) 160 90560506
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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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
End of Announcement DGAP News-Service