EANS-News: Polytec Holding AG
POLYTEC GROUP announces the closing of the
disposal of the Interior business
30.06.2011 – 18:29
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers Hörsching (euro adhoc) - Today the sale of the interior business, as announced "ad hoc " on June 6, 2011, was successfully closed. The disposal of the interior segment strengthens POLYTEC´s position in its core business and will lead to an increase in the group´s average operating margin. POLYTEC GROUP will use its further improved financial situation as well as the stability of the balance sheet to take advantage of the growth opportunities given by the market. Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 manuel.taverne@polytec-group.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Polytec Holding AG Linzer Straße 50 A-4063 Hörsching phone: +43 (0) 7221 / 701-0 FAX: +43 (0) 7221 / 701-0 mail: investor.relations@polytec-group.com WWW: www.polytec-group.com sector: Industrial Components ISIN: AT0000A00XX9 indexes: ATX Prime stockmarkets: official market: Wien language: English