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

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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.

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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

Weitere Meldungen: CEAG AG

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