EANS-News: Lenzing AG /
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Lenzing - The Lenzing Group has reduced its equity stake in EQUI-Fibres
Beteiligungs-gesellschaft mbH, Kelheim from 45 to 20 percent. EQUI-Fibres is the
sole parent company of Kelheim Fibres GmbH, which manufactures viscose fibers at
its plant in Kelheim, Germany. EQUI-Fibres reported total revenue of EUR 162 mn
in 2015.
This transaction represents the next logical step in the Lenzing Group's
implementation of its sCore TEN strategy. The buyer is a company represented by
its Managing Directors Peter Untersperger and Gerald Schmidsberger. Untersperger
is very familiar with both EQUI-Fibres and the fiber industry.
On the basis of this transaction, the financial result of the Lenzing Group for
the current financial year is expected to increase by about EUR 10-15 mn. The
payment of the stipulated purchase price is to take place starting in 2017.
Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
mailto:w.kaserer@lenzing.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: official market: Wien
language: English
Original content of: Lenzing AG, transmitted by news aktuell