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Heidelberger Druckmaschinen AG: Closing of Gallus Group divestment expected in early 2021

·2-min read

Heidelberger Druckmaschinen AG / Key word(s): Disposal
Heidelberger Druckmaschinen AG: Closing of Gallus Group divestment expected in early 2021

29-Dec-2020 / 17:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Following merger control clearance on December 23, 2020 by the German Federal Cartel Office of the sale of the Gallus Group to benpac by Heidelberger Druckmaschinen AG (Heidelberg), which was agreed on July 22, 2020, all closing conditions for the transaction have now been met.

The purchaser has informed Heidelberg today that it will not be able to close the transaction still in the calendar year 2020. Closing is now scheduled to take place by the end of January 2021. The owner of the purchaser, Mr. Marco Corvi, has issued personal notarized acknowledgements of debt to Heidelberg in the amount of the total outstanding purchase price of € 120 million to secure payment of the purchase price.

 

Important note:

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macroeconomic situation, in the exchange rates, in the interest rates, and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.

29-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Further information:
Corporate Communications

Thomas Fichtl
Telefon: +49 6222 82- 67123
Telefax: +49 6222 82- 67129
E-Mail: Thomas.Fichtl@heidelberg.com

Investor Relations
Robin Karpp
Tel: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com

Further information:
Corporate Communications

Thomas Fichtl
Telefon: +49 6222 82- 67123
Telefax: +49 6222 82- 67129
E-Mail: Thomas.Fichtl@heidelberg.com

Investor Relations
Robin Karpp
Tel: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120
E-Mail: robin.karpp@heidelberg.com

Language:

English

Company:

Heidelberger Druckmaschinen AG

Kurfürsten-Anlage 52-60

69115 Heidelberg

Germany

Phone:

+49 (0)6222 82-67121

Fax:

+49 (0)6222 82-67129

E-mail:

investorrelations@heidelberg.com

Internet:

www.heidelberg.com

ISIN:

DE0007314007

WKN:

731400

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1157810


 

End of Announcement

DGAP News Service

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