DGAP-News: Cognis owners decide to sell shares to BASF
(firmenpresse) - Cognis GmbH / Statement/Mergers&Acquisitions
23.06.2010 07:00
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AD-HOC STATEMENT
Monheim, June 23, 2010
Cognis owners decide to sell shares to BASF
Cognis Holding Luxembourg S.àr.l., controlled by Permira Funds, GS Capital
Partners and SV Life Sciences, signed a sale and purchase agreement to sell
100 percent of the shares in Cognis Holding GmbH to BASF SE on June 22.
The enterprise value is 3.1 billion euros. The transaction is subject to
the usual closing conditions, including regulatory approval, and is
expected to be formally completed at the latest by November 2010.
About Cognis
Cognis is a worldwide supplier of specialty chemicals and nutritional
ingredients, with a particular focus on the areas of wellness and
sustainability. The company employs about 5,500 people, and it operates
production sites and service centers in 30 countries. Cognis has dedicated
its activities to a high level of sustainability and provides value adding
solutions and products based on renewable raw materials. The company serves
the food, nutrition and healthcare markets, and the cosmetics, detergents
and cleaners industries. Another main focus is on products for a number of
other industries, such as coatings and inks, lubricants, as well as
agriculture and mining.
Cognis is currently owned by private equity funds advised by Permira, GS
Capital Partners, and SV Life Sciences. In 2009, Cognis recorded sales of
about 2.6 billion euros and an Adjusted EBITDA (operating result) of 364
million euros.
Cautionary Statement
The statements we make in this release may include statements about our
plans and future prospects for the company and the industry that are
forward-looking statements. Our actual performance may differ materially
from performance suggested by those statements, which you should consider
only in connection with the cautionary statements in our financial
statements. These contain information on factors that could cause those
differences. We urge you to review these cautionary statements.
Investor Relations Contact
Monica Stephensons, Director Investor Relations
Cognis GmbH
Phone: +49-2173-4995-279
E-mail: investor-relations(at)cognis.com
Internet: http://www.cognis.com
23.06.2010 07:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Cognis GmbH
Rheinpromenade 1
40789 Monheim
Deutschland
Phone: 02173-4995-279
Fax: 0211-2006-10279
E-mail: investor-relations(at)cognis.com
Internet: www.cognis.com
ISIN: XS0191508281
WKN: A0BM7Q
Listed: Freiverkehr in Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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Datum: 23.06.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 22862
Anzahl Zeichen: 0
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Kategorie:
Business News
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