CEAG AG

euro adhoc: CEAG AG
Mergers - Acquisitions - Takeovers
CEAG sells FRIWO Mobile Power (FMP) business unit to Flextronics

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 07.02.2008 CEAG sells FRIWO Mobile Power (FMP) business unit to Flextronics Ostbevern, Germany, February 7th, 2008 - CEAG AG (FSE: CEA), a leading international manufacturer of power supplies and chargers, is selling the FRIWO Mobile Power (FMP) business unit to a subsidiary of Singapore based Flextronics International Ltd. (NASDAQ: FLEX). An agreement to this effect was signed today. The purchase price amounts to EUR 57.5 million on a cash-free/debt-free basis and is subject to customary working capital adjustments which could reduce the net proceeds CEAG will receive. The transaction is subject to the approval of the competent antitrust authorities and other customary closing conditions and is expected to close during the first half of 2008. Following the sale of its FMP business unit, CEAG will focus on its remaining FRIWO Power Solutions business unit. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: CEAG AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Gudrun Richter Investor Relations Telefon: +49 (0) 2532-81-158 E-Mail: richter@friwo.de Branche: Semiconductors & active components ISIN: DE0006201106 WKN: 620110 Index: CDAX Börsen: Börse Hamburg / free trade Börse München / free trade Börse Berlin / regulated dealing Börse Stuttgart / regulated dealing Börse Düsseldorf / regulated dealing Börse Frankfurt / regulated dealing/general standard

Das könnte Sie auch interessieren: