DGAP-News: Haniel sells its entire stake in Celesio to McKesson Corporation
(firmenpresse) - DGAP-News: Franz Haniel&Cie. GmbH / Key word(s): Transaction in Own
Shares/Investment
Haniel sells its entire stake in Celesio to McKesson Corporation
24.10.2013 / 07:07
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Press Release
Haniel sells its entire stake in Celesio to McKesson Corporation
- EUR 23.00 per share, takeover premium of 39%
- Haniel CEO Stephan Gemkow: 'McKesson exactly the right fit'
Duisburg, 24 October 2013. Franz Haniel&Cie. GmbH is selling its entire
50.01% interest in Celesio AG to leading North American healthcare services
company McKesson Corporation. The price per share is EUR 23.00. This
corresponds to a takeover premium of 39% compared to the three-month
average price before it was influenced by market rumours. Haniel will
generate disposal proceeds of almost EUR 2.0 billion from the transaction.
McKesson will launch a voluntary tender offer for the remaining publicly
traded shares and convertible bonds of Celesio once the offer document has
been reviewed by the Federal Financial Supervisory Authority (BaFin). The
stock purchase from Haniel and tender offers are subject to certain closing
conditions, including regulatory approvals and the acquisition by McKesson
of a minimum of 75% of the Celesio shares on a fully diluted basis. The
tender offers are expected to conclude in the first quarter of 2014.
Stephan Gemkow, Chairman of Haniel's Managing Board: 'We had a long and
beneficial relationship with Celesio and successfully supported it during
its phase of growth and development. Now the time is right to hand over the
interest so that Celesio can complete the next stage in its development
under the guidance of McKesson. We are convinced that McKesson is exactly
the right fit for Celesio.'
Haniel intends to allocate part of the proceeds from the sale of the shares
to further reduce its debt. In recent weeks rating agencies Standard&Poor's and Moody's have already raised Haniel's long-term rating from
BB/Ba2 (positive outlook) to BB+/Ba1 (stable outlook), thereby
acknowledging the ongoing deleveraging. Further to debt reduction, the
transaction offers new opportunities for shaping the investment portfolio.
Haniel has been a shareholder in Celesio since 1973 and has therefore
played a key role in moulding and guiding the company on its course of
growth and internationalisation. Celesio now operates in 14 countries with
around 38,000 employees and generated revenues of EUR 22 billion in 2012.
McKesson Corporation, currently ranked 14th on the FORTUNE 500-list of the
largest companies in the US, is a leading provider of healthcare services
in North America dedicated to making the business of healthcare run better.
McKesson partners with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to build
healthier organizations that deliver better care to patients in every
setting. McKesson helps its customers improve their financial, operational
and clinical performance with solutions that include pharmaceutical and
medical-surgical supply management, healthcare information technology and
business and clinical services. The company was founded in 1833 and has
annual revenues of approximately USD 122 billion (EUR 89 billion) and
43,500 employees.
For more information on the transaction visit
www.GlobalHealthcareLeader.com.
The Haniel Group
Haniel is an internationally operating, 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 (TAKKT and Celesio)
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.
Press Contact:
Dietmar Bochert
Phone: +49 203 806-578
Email: dbochert(at)haniel.de
Creditor Relations:
Dr. Axel Gros
Phone: +49 203 806-355
Email: agros(at)haniel.de
End of Corporate News
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24.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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235938 24.10.2013
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Datum: 24.10.2013 - 07:07 Uhr
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News-ID 308809
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