Balda AG / Key word(s): Letter of Intent
Bad Oeynhausen/Munich, January 10, 2008. With a view to various press
articles in recent days Balda AG, KS Plastic Solutions GmbH and AURELIUS AG
state the following: Balda Solutions Deutschland GmbH and Balda Werkzeugbau
GmbH, both domiciled in Bad Oeynhausen (North Rhine-Westphalia), as well as
Balda Solutions Hungaria Kft. in Veszprem/Hungary, have been sold to KS
Plastic Solutions GmbH with effect from December 31, 2007. The negotiations
have been concluded and the transfer of the companies to the purchaser KS
Plastic Solutions was completed on December 31, 2007. All the contingent
contractual conditions have been fulfilled and there are no rights of
withdrawal on the part of either the buyer or the seller. With the
exception of the agreements reached in the framework of the purchase
contract there are no other obligations on the part of Balda AG, nor have
any such claims been asserted by the buyer.
The management of Balda Solutions Deutschland GmbH is currently negotiating
with the Works Council and labor unions on a social compensation plan so as
to adjust the company to the new order situation arising from the loss of
major clients in recent years. Under the prerequisite that these talks may
be completed and arrive at an economically viable conclusion and thus a
profitable business plan may be drawn up, an investor consortium headed by
AURELIUS AG, Munich intends to take over the Balda Solutions Group from KS
* * *
Company profile Balda AG
The internationally operating Balda Group develops and produces highly
integrated devices comprising plastic, metal and electronic components as
well as touch sensors. Among the customers of the SDAX listed company are
international brand-names from the mobile telephony industry, medical
technology and various related markets.
The integration of plastic and touch screen technologies creates completely
new customer benefits. Only Balda currently offers both technologies from
one source on a global scale. The group has a strong position in the
important growth markets China and India and owns four production
facilities in the region. Plants in Brazil and in Malaysia, as well as the
facility in Germany for Balda Medical, underline the global competitiveness
of the group of companies.
* * *
This press announcement includes ‘forward-looking statements’ which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This press announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities Act.
10.01.2008 Dissemination of a Corporate News, transmitted by DGAP –
a company of EquityStory AG.
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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