DGAP-News: Franz Haniel&Cie. GmbH: Haniel plans adjustment of shareholding in TAKKT AG
(firmenpresse) - DGAP-News: Franz Haniel&Cie. GmbH / Key word(s):
Investment/Corporate Action
Franz Haniel&Cie. GmbH: Haniel plans adjustment of shareholding in
TAKKT AG
10.06.2013 / 17:42
---------------------------------------------------------------------
Press release
Haniel plans adjustment of shareholding in TAKKT AG
- Reduction of stake in TAKKT to as low as 50.01% through capital market
transaction planned
- Widening of shareholder base through increased free float
- Proceeds will further reduce Haniel Holding's debt
- Haniel remains long-term majority shareholder
Duisburg, 10 June 2013. The Supervisory Board of Franz Haniel&Cie. GmbH
has authorised the Managing Board to reduce the holding in TAKKT AG and to
place up to 13.4 million shares among institutional investors. Subject to
favourable capital market conditions, the stake in TAKKT AG would thus
decrease from the current 70.44% to as low as 50.01%.
With the possible reduction of its stake in TAKKT AG, Haniel is continuing
its portfolio review commenced last autumn. Through the completed steps
carried out to date - the adjustments of the investments in Metro AG to
30.01% and in Celesio AG to 50.01%, as well as the sale of shares in
investments funds - the company has reduced the net financial debt at
holding level by approximately EUR550 million to its current level of
EUR1.9 billion. The respective ownership interests allow Haniel, as the
core shareholder, to continue to exert significant strategic influence on
the portfolio companies.
'TAKKT benefits from a solid business model with sustainable
profitability,' says Haniel CEO Stephan Gemkow. 'Upon completion, Haniel as
majority shareholder with a stake of at least 50.01%, will continue
supporting the performance and growth of TAKKT AG in a constructive manner.
In addition, we believe that the tradability of the TAKKT share will
benefit by increasing TAKKT's free float by up to 69%. To date, low share
trading volumes have prevented or restricted investments by certain
institutional investors in TAKKT AG.'
The proceeds from the potential TAKKT transaction will contribute to
further reducing Haniel Holding's debt. For Haniel, securing financial
flexibility is also a key prerequisite for investments into new business
models thus improving the portfolio structure.
TAKKT AG is the leading B2B direct marketing specialist for business
equipment in Europe and North America. The company is listed on the SDAX
and was admitted to Deutsche Boerse's Prime Standard on 01 January 2003.
Haniel has retained Morgan Stanley and Berenberg to assist in the
preparation of the planned transaction.
The Haniel Group
Haniel is an internationally successful, family-owned group of companies.
In 2012, its around 56,000 employees generated sales of Euro 26.3 billion
in more than 30 countries. The Holding Company regards itself as a creator
of value. It shapes the portfolio, controls the Group's strategy, and
defines the guidelines for Group-wide human resources management.
Responsibility for the operating business rests with the five divisions,
all of which occupy market-leading positions. Haniel distinguishes between
wholly-owned investments (CWS-boco and ELG), majority investments (Celesio
and TAKKT) and minority investments (METRO GROUP). In outline, the
divisions are CWS-boco, which ranks among the leading international vendors
of washroom hygiene products, dust control mats and textile services; ELG,
a global market-leading company in the trading and processing of raw
materials for the stainless steel industry; TAKKT, which is the leading B2B
specialist mail order company for business equipment in Europe and North
America; Celesio, one of the leading international service providers in the
pharma and healthcare sectors; and METRO GROUP, one of the most
international retailing companies in the world.
For more information on the Haniel Group visit www.haniel.com.
Contact:
Dietmar Bochert
Director Corporate Communications
Tel.: +49 203 806-578
E-Mail: DBochert(at)haniel.de
This document does not constitute an offer to sell securities, or a
solicitation of an offer to buy securities, in the United States of America
or in any other jurisdiction to any person to whom it is unlawful to make
such offer or solicitation in such jurisdiction. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended (the 'Securities Act'). The securities of TAKKT AG described herein
have not been and will not be registered under the Securities Act, or the
laws of any State, and may not be offered or sold within the United States,
except pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act and applicable State
laws. There is no intention to register any portion of the offering in the
United States or conduct a public offering of securities in the United
States.
This document does not constitute a public offer of securities in any
member state of the European Economic Area. If the offering proceeds, the
securities of TAKKT AG will be offered and sold exclusively in a manner
that allows for a placement without a prospectus or similar offering
document. In the United Kingdom, this document is only being distributed
to, and is only directed at, and any investment or investment activity to
which this announcement relates is available only to, and will be engaged
in only with, qualified investors who are (i) investment professionals
falling with Article 19(5) of the UK Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the 'Order') or (ii) high net worth
entities falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). Persons who are
not relevant persons should not take any action on the basis of this
announcement and should not act or rely on it.
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
End of Corporate News
---------------------------------------------------------------------
10.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Franz Haniel&Cie. GmbH
Franz-Haniel-Platz 1
47119 Duisburg
Germany
Phone: +49 (0)203 806 578
Fax: +49 (0)203 806 80 578
E-mail: dbochert(at)haniel.de
Internet: www.haniel.de
ISIN: XS0482703286, XS0459131636
WKN: 601960, A1A6NE
Listed: Regulierter Markt in Hannover; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
---------------------------------------------------------------------
215680 10.06.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 10.06.2013 - 17:42 Uhr
Sprache: Deutsch
News-ID 268162
Anzahl Zeichen: 23883
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 384 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Franz Haniel&Cie. GmbH: Haniel plans adjustment of shareholding in TAKKT AG"
steht unter der journalistisch-redaktionellen Verantwortung von
Franz Haniel&Cie. GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
