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Balda AG

EANS-News: Balda AG: Another milestone reached in the restructuring

Bad Oeynhausen (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/Strategic management decisions
Balda AG: Another milestone reached in
the restructuring
Bad Oeynhausen, 19 May 2010 - Balda AG, listed in the SDax segment  
on  the Frankfurt Stock Exchange, has sold its direct and indirect 
shareholdings in Balda Motherson Solution Ltd. amounting to 60  
percent  to  Motherson  Sumi Systems Limited.
The parties agreed not to disclose the purchase price.  The  joint  
venture based in south Indian Chennai did not achieve the objectives 
initially  set for  the  production  of  plastic  assemblies  for  
leading  mobile   phone manufacturers. After careful consideration of
the opportunities  and  risks Balda AG sees no improving market 
prospects for the production site in  the future, particularly 
because high investments would be necessary. By ending
the commitment in India Balda AG  has  reached  another  milestone  in  the
restructuring.
* * *
Company Profile Balda AG
The  Balda  Group  develops  and  produces  complete  plastic   assemblies,
electronic products and products for the medical industry. The customers of
Balda are leaders in business from the mobile, entertainment and 
electronic communications as well as pharmaceutical and medical 
technology markets.
The group has an  international  position  with  product  sites  in  
China, Malaysia and Germany. A  subsidiary  in  the  United  States  
serves  North American customers  in  product  design  and  
development.  As  part  of  a shareholding in a leading manufacturer 
of touch  screens  in  China,  Balda participates in the dynamic 
touch screen displays market.
* * *
This corporate  news  announcement  includes  "forward-looking  
statements" which are based on the current expectations of  the  
management  of  Balda. They are subject to risks and uncertainty 
because they relate to events and depend on circumstances that  will 
occur  in  the  future,  such  as,  for example, developments in the 
mobile  communications  industry,  changes  in technology and the 
ability to timely and successfully develop new  products and various 
other factors. Balda  does  not  undertake  any  obligation  to 
update publicly or revise forward-looking statements except to  the  
extent legally required.
This corporate news announcement is not an offer of securities for 
sale  or a solicitation of an offer to purchase securities in the 
United  States  or elsewhere. The shares in Balda AG (the "Shares") 
may not be offered or sold in the United States or to or for the 
account or benefit  of  U.S.  persons (as such term is defined in 
Regulation S under the U.S. Securities  Act  of 1933, as  amended  
(the  "Securities  Act")  unless  registered  under  the Securities 
Act or pursuant to an  exemption  from  such  registration.  The 
Shares have not been and will not be registered under the Securities 
Act.
end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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