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CHRIST WATER TECHNOLOGY AG

EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
CHRIST sells pharmaceutical water business and strengthens its financial power

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information
14.07.2009
Press release
Mondsee, 14th of July 2009, 8.00 am CET
CHRIST sells pharmaceutical water business and strengthens its 
financial power
Christ Water Technology Group plans to sell its pharmaceutical water 
activities to the BWT Group, thereby considerably improving its 
financial position. The total transaction volume of over 35 million 
Euro will lead to a substantial reduction in financial liabilities, 
an improved gearing of approx. 50% and an increase in the equity 
ratio to approx. 25 %.
"This strong re-focussing of the CHRIST Group to the industrial and 
municipal project engineering business allows us to use our own 
strengths to regain the financial capacity needed to lead us 
successfully through the current challenging economic situation and 
make profitable use of the sustainable growth opportunities we see in
water technology", says Malek Salamor, CEO of the Christ Water 
Technology Group.
The sale of the Pharma and Life Science business includes the 
pharmaceutical water activities and a 49% stake in the biopharma and 
bioprocess technology provider Zeta. Once the transaction is 
completed, the number of employees within the CHRIST Group will be 
around 950 and the consolidated annual turnover around 200 million 
Euro. The transaction is expected to be realised with the consent of 
the extraordinary general assembly of Christ Water Technology AG and 
BWT AG, planned to be held first half of August 2009 and is subject 
to both general assembly approvals as well as the anti-trust agency 
approval. Closing is expected by 30.09.2009.
The remaining business activities of CHRIST Group will lead to a 
concentration on the technology-oriented project engineering and 
service business in the industry segments microelectronics, solar 
industry and distinctive process water technologies and the 
increasingly important issues in the Green-Tech sector industrial 
waste water/re-use and municipal drinking- and waste water treatment 
as well as sea water desalination. Further strategic alliance 
opportunities are currently being examined.
Malek Salamor: "With the impressive range of skills of our 
highly-qualified staff from drinking water, waste water and process 
water to ultra-pure water solutions for the semiconductor industry, 
CHRIST now has the financial resources for a bright future in water 
technology and we are going to prove that this future will also be 
profitable for our investors".
Contact information:
CHRIST WATER TECHNOLOGY AG, A-5310 Mondsee, Walter-Simmer-Str. 4
Harald Wegscheider, CFO. Tel. +43 (0)6232 9011 1002
Financial calendar
Report on 1st half year 2009           14. August 2009
Report on 1.-3rd quarter 2009     20. November 2009
CHRIST WATER TECHNOLOGY company profile: The Christ Water Technology 
Group is a leading provider of customer-specific technologies, 
solutions and services in the area of pure and ultra-pure water 
treatment, drinking- and waste water treatment and pharmaceutical 
production processes. CHRIST employs approx. 1,300 qualified 
employees at over 40 sites worldwide.
CHRIST offers everything that marks a provider of total solutions for
turn-key water treatment and process systems: know-how, innovation, 
customer-focus and the option of a one-stop-shop service. Our 
expertise runs from project identification through planning, 
production and installation through to commissioning and user 
training, all backed up by comprehensive customer service. CHRIST 
shares are listed on the Prime Market of the Vienna Stock Exchange 
(ISIN: AT0000499157). More at www.christwater.com. CHRIST - World 
Class Water Technologies
end of announcement                               euro adhoc

Further inquiry note:

CHRIST WATER TECHNOLOGY AG, A-5310 Mondsee, Walter-Simmer-Str. 4
Harald Wegscheider, CFO. Tel. +43 (0)6232 9011 1002

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wien / official market

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Plus de actualités: CHRIST WATER TECHNOLOGY AG