Closing of the combination between Schleuniger and Komax has been completed
|
Metall Zug AG / Key word(s): Merger/Mergers & Acquisitions Ad hoc announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange Zug, August 31, 2022 - The closing of the combination between the Schleuniger Group and the Komax Group has been completed on August 30, 2022. As a result, Metall Zug will realize a one-off and EBIT-impacting book gain of approximately CHF 90 million. After the relevant competition authorities granted their clearance for the combination between Schleuniger and Komax, the closing of this transaction was completed on August 30. The capital increase of Komax Holding AG took place on said date and the newly issued 1,283,333 registered shares were allocated to Metall Zug AG in exchange for the 100% stake in Schleuniger AG. Metall Zug thus holds a 25% interest in Komax Holding AG. The Schleuniger Group will be fully consolidated in the consolidated financial statements of the Metall Zug Group until August 31, 2022. From September 1, 2022, Metall Zug AG's interest in the Komax Group's net result will be reported in the financial result. Metall Zug will realize a one-time and EBIT-effective book gain from the transaction of approximatly CHF 90 million (based on the previous day's closing price of the Komax Holding AG shares of CHF 254.50). About the Metall Zug Group Metall Zug is a group of industrial companies headquartered in Zug. After the deconsolidation of the Schleuniger Group, the Group has around 2,400 employees and comprises four Business Units:
The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (type B registered shares: securities number 3982108, ticker symbol METN). Legal Notes The expectations expressed in this announcement are based on assumptions. Actual results may vary from those anticipated. This announcement is published in German and English. The German version is binding. Metall Zug AG processes personal data in accordance with its privacy statement available under: https://www.metallzug.ch/en/datenschutzerklaerung.
or: investorrelations@metallzug.ch This announcement is available at https://www.metallzug.ch/en/medien/medienmitteilungen End of Inside Information |
1431787 31-Aug-2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.