EANS-Adhoc: SHW AG
One-off proceeds in the mid double-digit million range from
sale of stake in Canadian STT
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 28.09.2012 Aalen, 28 September 2012 - SHW AG (ISIN DE000A1JBPV9, WKN A1JBPV) has reached an agreement with its joint venture partner for the sale of its 50% stake in STT Technologies, Inc., Canada. The proportionately consolidated STT achieved a sales contribution of 31.2 million Euros in the first six months of fiscal year 2012. This equals approximately 15 percent of group sales. The sales price in Euro will be in the mid double-digit million range. As a result, the parties mutually agreed to settle the pending arbitration proceedings. Additional information: ISIN: DE000A1JBPV9 WKN: A1JBPV Market segment: Regulated market of the Frankfurt Stock Exchange SHW AG Wilhelmstrasse 67 D-73433 Aalen - End of the ad hoc release - Further inquiry note: Michael Schickling Head of Investor Relations and Corporate Communications Tel.: +49 (0) 7361 502 462 E-Mail: michael.schickling@shw.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: SHW AG Wilhelmstrasse 67 D-73433 Aalen phone: +49 7361 502-1 FAX: +49 7361 502-674 mail: ir@shw.de WWW: http://www.shw.de sector: Automotive Equipment ISIN: DE000A1JBPV9 indexes: stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original-Content von: SHW AG, übermittelt durch news aktuell