DGAP-News: Balda AG sells entire operating business, distributions of EUR 2.00 per share, approval by AGM required


DGAP-News: Balda AG / Key word(s): Disposal

Balda AG sells entire operating business, distributions of EUR 2.00

per share, approval by AGM required

23.09.2015 / 13:03


Bad Oeynhausen, 23 September 2015 – Today, Balda AG concluded a purchase

agreement concerning the sales of its entire operating business for a

purchase price of 62.9 million EUR. The buyers are acquiring companies,

which are managed by investment company Paragon, Munich. The sale comprises

all operational units of the Balda Group, i.e. Balda Medical GmbH & Co. KG,

Bad Oeynhausen, Balda C. Brewer, Inc. and Balda Precision, Inc., both in

California, USA, as well as Balda Medical Systems SRL, Romania and further


“Within the scope of our dialog with investors and possible cooperation

partners, we have noticed increasing interest in our operational units.

This resulted in specific negotiations, which, ultimately culminated in the

agreement that was signed today”, says Oliver Oechsle, sole Management

Board member of Balda AG. “The purchase offer by Paragon Partners did not

only exceed the fair value calculated by external experts but will also

give Balda the opportunity to continue to develop as an individual

company”, Oechsle also states.

Paragon Partners is a private and owner-managed investment company, aiming

to sustainably improve the strategic and operating business of its

shareholdings. Paragons founding partner Krischan von Moeller adds: “Under

the successful management team, the Balda Group will continue as an

operational unit in accordance with today’s strategic orientation. We will

support Balda to actively make use of growth opportunities in the areas of

medical technology as well as pharmaceutical and, if needed, may provide

further equity for organic and external growth.”

Oliver Oechsle says: “By selling the operating business of the Balda Group,

we are creating a significant increase in value for the shareholders. But

not only the shareholders will benefit, also our employees and customers.

Paragon Partners has confirmed that it will maintain the current strategic

orientation and organizational structure and that it will retain all

employees of Balda AG as well as the management. This means stability and

continuity. Balda pursues the goal of continuing to further develop over

the next few years – both organically and strategically so as to achieve an

order of magnitude that will offer us completely new courses of action.

Balda stays Balda!”

All in all, the company receives a gross amount (including profits to be

paid out for the past business year) of EUR 66.7 million (before

exemptions, taxes and costs) from the sale.

The agreement is subject to the condition precedent of approval by the

annual general meeting of Balda AG as well as the approval by the

anti-trust authorities. The Management Board will shortly send out

invitations for the annual general meeting scheduled for 19 November 2015.

Moreover, the Management Board and the Supervisory Board intend to suggest

a dividend payment of EUR 1.10 per share. Also, on approval of the purchase

agreement the Management Board and the Supervisory Board plan to reduce the

share capital from currently EUR 58,890,636.00 to EUR 5,889,063.00 and to

pay back to the shareholders the share capital thus released. This

corresponds to an amount of another EUR 0.90 per current share.

Additionally, the Supervisory Board will device a new business model for

the AG and present it to the annual general meeting. In this context, the

annual general meeting shall also adopt a decision concerning a change of

the business purpose of the company and the company name.

contact / contact person

Michael Pfister

Deekeling Arndt Advisors

Tel: +49 (0) 5734 922 2555

Mobil: +49 (0) 160 90560506

Mail: 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 780 staff worldwide is based on the use of

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

customers in a spirit of trust.



23.09.2015 Dissemination of a Corporate News, transmitted by DGAP – a

service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Media archive at www.dgap-medientreff.de and www.dgap.de


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 News DGAP News Service


396865 23.09.2015