EANS-News: Balda generates around EUR 87 million from sale of the remaining
shares in TPK Holding (with document)
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Earnings Forecast/Sale of Shares
Bad Oeynhausen (euro adhoc) - Bad Oeynhausen, 1 February 2013 - Balda AG, a
producer of high-quality plastic products, today announced that it has sold a
total of 7,066,008 shares in TPK Holding Co., Ltd. via its Group company Balda
Investments Singapore Pte. Ltd., generating proceeds of around EUR 87 million
(based on today's exchange rate). The transaction was carried out by way of a
block trade organized by investment bank CitiGroup. By executing this carefully
prepared sale, the Management Board follows through on its announcement made at
the Annual Annual General Meeting on 7 November 2012 to sell the remaining
shares in TPK Holding Co. Ltd. at the best price. The sale will be reflected in
Balda AG's earnings for the 2012/2013 financial year. As a result, a strong
consolidated profit is to be expected for that financial year.
Dominik Müser, Chief Executive Officer of Balda AG: "By selling the last batch
of shares in TPK at the best price, we have now fully executed our announced
plan to dispose of the shareholding altogether. We expect this sale to result in
another strong consolidated profit for 2012/2013."
Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/CKJ7UFxChttp://resources.euroadhoc.com/us/rAu7GfDb
Further inquiry note:
Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - 54 04 - 91 92 0
Fax: +49 - 54 04 - 91 92 29
Mail: office@elsner-kommunikation.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/CKJ7UFxChttp://resources.euroadhoc.com/us/rAu7GfDb
company: Balda Aktiengesellschaft
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2604
mail: info@balda.de
WWW: http://www.balda.de
sector: Semiconductors & active components
ISIN: DE0005215107
indexes: SDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English