EANS-News: Semperit AG Holding
Antitrust authorities approve the acquisition
of Latexx Partners Berhad, Malaysia
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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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
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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 von: Semperit AG Holding, übermittelt durch news aktuell