EANS-News: Lenzing AG
Lenzing Finalizes Sales of its Business Unit Plastics
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Strategic management decisions/Company
Lenzing (euro adhoc) - Lenzing AG has finalized the sale of its Business Unit
Plastics (Lenzing
Plastics GmbH). The closing of the transaction took place on June 27, 2013
following antitrust approval.
The buyer is an Austrian consortium led by Invest AG, the investment company of
the Raiffeisen Banking Group Upper Austria based in Linz. The acquisition
agreement regulating the transfer of 85% of the shares in Lenzing Plastics GmbH
to the consortium was already signed in April 2013. Lenzing's disposal of its
plastics operations was due to its decision to strategically focus on its core
business of manufacturing man-made cellulose fibers.
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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company: 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