Süd-Chemie AG

euro adhoc: Süd-Chemie AG
Strategic management decisions
Ad hoc announcement pursuant to Sec. 15 German Securities Trading Act (WpHG) dated 12 May 2006: Süd-Chemie is negotiating the sale of its pet products business

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Munich, 12 May 2006: Süd-Chemie AG, Munich is currently negotiating the sale of its Pet Products Business Unit, which includes Gimborn GmbH, Emmerich, and its subsidiaries. Süd-Chemie AG´s Supervisory Board today approved the proposed transaction. Süd-Chemie expects that sales negotiations will be successfully concluded in the near future.

The selling price will probably be in the region of EUR30 million, before deduction of financial liabilities and pension obligations. The Pet Products Business Unit reported an EBITDA of EUR4 million in 2005, based on sales of EUR55 million.

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ots Originaltext: Süd-Chemie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Patrick Salchow
Tel.: +49 (0)89 5110 250
E-Mail: patrick.salchow@sud-chemie.com

Branche: Chemicals
ISIN:      DE0007292005
WKN:        729200
Börsen:  Börse Berlin-Bremen / regulated dealing
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: Süd-Chemie AG

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