DGAP-Adhoc: Balda AG: Balda AG: New – non-binding – offer to purchase the operating business – Italian Stevanato Group indicates a possible purchase price of EUR 80 million


Balda AG / Key word(s): Disposal

26.11.2015 10:50

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, November 26, 2015 – Today, Balda AG received yet another,

so far non-binding offer for the sale of its entire operating business. On

October 30, 2015, Balda AG announced that it had received a binding offer

for the sale of its entire operating business at a purchase price of EUR 74

million from the Heitkamp & Thumann Group, Düsseldorf (“H&T”). The offer by

H&T is subject to approval by the General Meeting of Balda AG.

Today, the Management Board of Balda AG received a – non- binding – offer

by the Italian Stevanato Group (“Stevanato”). The offer stipulates a

purchase price of EUR 80 million and is similar to the bid by H&T in terms

of structure and guarantees.

Subject to a conclusive due diligence and the finalization of contractual

documents, Stevanato also holds out the prospect of submitting a binding

notarial offer by December 14, 2015, 24.00 hours. The Management Board and

the Supervisory Board assume that Stevanato will deliver on this promise in

due time. Any binding offer by Stevanato will also depend on prior approval

by the General Meeting of Balda AG.

The Management Board has invited the shareholders to the Annual General

Meeting 2015 on November 30, 2015 and, if necessary, December 1, 2015. The

agenda features, among other things, the approval of the General Meeting

concerning the offer by H&T. The Management Board and the Supervisory Board

have agreed to maintain the agenda and the Boards’ recommendations to

approve the offer by H&T, because the offer by Stevanato is not yet

binding. If the General Meeting approves of the offer by H&T and should

Stevanato then submit a binding offer in due time and before implementation

of the resolution of the General Meeting, the Management Board and the

Supervisory Board will have to review the content of this offer and

determine whether a new General Meeting is to be convened. At this occasion

– subject to rescinding the resolution of approval concerning the offer by

H&T – the binding offer by Stevanato would then be put to the vote. In case

Stevanato fails to submit the announced binding offer in due time, though,

or if it does not live up to the expectations, the resolution of approval

by the General Meeting concerning the offer by H&T could take effect and no

additional General Meeting would be required.

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