EANS-News: Semperit AG Holding
Antitrust authorities approve the acquisition
of Latexx Partners Berhad, Malaysia
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Mergers - Acquisitions - Takeovers Vienna / Kuala Lumpur (euro adhoc) - Semperit AG Holding ("Semperit") (Bloomberg ticker: SEM:AV, Reuters: SMPV.VI) announces that the Austrian Federal Competition Authority and the German Federal Cartel Office have approved the acquisition of the Malaysian Latexx Partners Berhad ("Latexx Partners"). The acquisition is therefore no longer subject to any conditions precedent and may be completed. The same applies to the current offer for all outstanding shares and warrants of Latexx Partners, which is being made via Semperit Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. Up to and including today, November 9, 2012, Semperit has secured a stake of 70.2% in Latexx Partners based on a diluted basis of 274.7 million shares (post potential exercise of all warrants). This includes the following items: the acquisition announced on October 8, 2012 of all shares and warrants of Mr. Low Bok Tek, the put/call agreements with further investors, the shares acquired in the open market on October 9, 2012, and the acceptances of the current offer that have been received up to and including November 9, 2012. About Semperit The publicly listed company Semperit AG Holding is an internationally oriented corporate group, which develops, produces and markets highly specialised products made of rubber and plastics (examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, building construction profiles, cable car rings and railway superstructure products) in the Medical and Industrial Business Sectors. The headquarters of this traditional Austrian company whose roots date back to 1824 are located in Vienna, whereas the global R&D centre is in Wimpassing, Lower Austria. Semperit employs a workforce of about 8,100 people worldwide, of whom more than 5,600 work in Asia and more than 700 work in Austria. The Group encompasses 21 production facilities as well as numerous sales offices in Europe, Asia and the Americas. In the 2011 fiscal year the Group generated revenue of EUR 820 million and an EBIT of EUR 83 million. About Latexx Partners Latexx Partners is the world's sixth largest and one of the leading medical gloves producers in Malaysia. The company owns six manufacturing plants. Latexx Partners distributes its gloves to 80 countries, serving more than 300 customers. Latexx Partners employs more than 2,000 people. In the 2011 fiscal year the company generated revenue of MYR 441 million (EUR 104 million) and an EBIT of MYR 66 million (EUR 16 million). Further inquiry note: Martina Büchele Head of Group Communications Tel.: +43 676 8715 8621 martina.buechele@semperit.at Stefan Marin Investor Relations Tel.: +43 676 8715 8210 stefan.marin@semperit.at www.semperitgroup.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Semperit AG Holding Modecenterstrasse 22 A-1030 Wien phone: +43 1 79 777-210 FAX: +43 1 79 777-602 mail: investors@semperit.at WWW: www.semperitgroup.com sector: Synthetics & Plastics ISIN: AT0000785555 indexes: WBI, ViDX, Prime Market stockmarkets: free trade: Berlin, official market: Wien, stock market: Stuttgart, Frankfurt language: English
Original content of: Semperit AG Holding, transmitted by news aktuell