Ad hoc: One Equity Partners (OEP) takes over majority in Constantia Packaging
AG
(Thomson Reuters ONE) - * OEP acquires 65.79 % of the shares in Constantia Packaging AG from the Dutch holding company Constantia Packaging B.V. and offers EUR 38.67 per share to outstanding shareholders * Constantia Packaging B.V. retains a 25 % share in Constantia Packaging AGToday, Monday, one of OEP's (One Equity Partners) affiliates, SulipoBeteiligungsverwaltungs GmbH, a civil-law partnership, reached anagreement with Constantia Packaging B.V., owned by theHerbert-Turnauer Foundation, on the purchase of 65.79 percent of theshares in Constantia Packaging AG. Under that agreement, OEP willbecome majority shareholder and submit a voluntary take-over bid toall independent shareholders with the objective to acquire up to 75percent of the shares. Constantia Packaging B.V. retains a 25-percentshare in Constantia Packaging AG.Subject to the offer documentation being approved by the Austrianregulatory authorities, OEP's acquisition of the share majority isaccompanied, pursuant to the Austrian Takeover Act, by a voluntarytakeover bid of EUR 38.67 per share to all of Constantia PackagingAG's independent shareholders.OEP is financing the acquisition of a majority of shares held byConstantia Packaging B.V. exclusively from own funds, i.e., withoutborrowing any funds. The transaction is subject to a final agreementbetween the parties involved in the so-called "general settlement"concerning Constantia Privatbank / Immofinanz and Immoeast."Our goal is to sustainably support Duropack, Constantia Flexiblesand AMAG, three economically sound, independent Austrian companiesunder the umbrella of Constantia Packaging AG, in further exploringtheir international growth potential and thereby create a perspectivefor employees and management as well as the added value for ourcommitment," said an OEP spokesperson. "In doing so, the previousmajority shareholder retaining a share is important to us as apositive signal to the Group's affiliates and employees. We thusexpressly count on the continuity of the Group's previous values:decentralized entrepreneurship, focus on premium and core markets aswell as growth by selected acquisition and successful integration"."Today's agreement between OEP and Constantia Packaging B.V. laid astable foundation for the future pursuit of the demonstrablysuccessful course of growth Constantia Packaging AG has been pursuingover the past few years," says a spokesperson of Constantia B.V.."With OEP, we were able to win over the international partner theGroup preferred due to the continuation model We are particularlypleased that, in future, the previous majority shareholder,Constantia B.V., and the individuals standing behind, it will staywith the Group as second major shareholder. We thus offer ourcustomers, our suppliers, our partners and our employees thecontinuity, stable shareholder structure and financial powernecessary for continued and profitable growth."One Equity Partners (OEP) is an international investment companyfocussing its transactions on the opportunities of industrialconsolidation. OEP enters into long-term partnerships with corporategroups as well as with medium-sized companies in order to achieveappreciation through strategic developments. Established in 2001, OEPmanages fund assets of approx. USD 8 billion exclusively for JPMorganChase & Co. OEP operates its European investment business fromFrankfurt with a team of 10 management and investment experts and hassuccessfully accompanied the growth of numerous European companiesover the past few years.OEP presently is, among others, majority shareholder of the GermanSüd-Chemie AG, core shareholder of the MDAX company, Pfleiderer AG,and majority shareholder of Carlson Wagonlit Travel and the SchoellerArca Group in the Netherlands.The Constantia Packaging Group operates in the "aluminium","corrugated board" and "flexible packaging" sectors. Approximately7,600 employees in 20 European, Asian and American countries produceraw aluminium, semi-finished aluminium products as well as aluminium,plastic and corrugated board packaging for the food, drinks,pharmaceuticals, automotive and aviation industries. In 2008, theGroup achieved a sales turnover of ? 2.1 billion.- End of announcement -Contact and enquiries:Constantia Packaging AGVeronika ZügelHead of CommunicationsWolfgang SchwaigerHead of Investor RelationsHanno M. BästleinChief Executive OfficerOpernring 17, A-1010 ViennaPhone: +43 (01) 588 55-0Fax: +43 (01) 588 55-106E-mail: ir(at)constantia-packaging.comWebsite: www.constantia-packaging.comhttp://hugin.info/133523/R/1347047/323757.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.10.2009 - 18:55 Uhr
Sprache: Deutsch
News-ID 6818
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 344 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ad hoc: One Equity Partners (OEP) takes over majority in Constantia Packaging
AG"
steht unter der journalistisch-redaktionellen Verantwortung von
Constantia Packaging AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
