EANS-Adhoc: Lenzing AG
Binding Offers for the Sale of the Business Unit
Plastics
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Strategic management decisions/Company Information
21.03.2013
The Lenzing Group is evaluating the possibility of potentially disposing of its
Business Unit Plastics within the context of the company's intensified focus on
its core business of producing man-made cellulose fibers.
The related sales process has now entered a phase of more detailed discussions
with the receipt of several binding offers on the part of potential buyers on
March 21, 2013. Lenzing will subject the proposals to a comprehensive assessment
and subsequently decide upon the future ownership structure of the Business Unit
Plastics if the quality of the offers is appropriate.
The Business Unit Plastics (Lenzing Plastics GmbH) employs a work force of more
than 300 people at the Lenzing site, manufacturing plastics niche products such
as films for the construction industry, tapes for the cable industry, films and
laminates for technical applications and packaging as well as products based on
the high-performance plastic material polytetrafluoroethylene (PTFE). In the
2012 financial year the business unit generated sales of EUR 109.4 mn and an
EBITDA of EUR 11.2 mn.
Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com
end of announcement euro adhoc
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issuer: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English
Original-Content von: Lenzing AG, übermittelt durch news aktuell