DGAP-Adhoc
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie Group divests Swedish affiliate
SKW Stahl-Metallurgie Holding AG / Key word(s): Disposal
19.11.2014 17:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
With effect of November 19, 2014, SKW Stahl-Metallurgie Holding AG,
Unterneukirchen (Germany), ISIN DE000SKWM021, is selling 100% of the shares
of SKW Metallurgy Sweden AB to the AlzChem Group. The sold company produces
and trades calcium carbide for the European market. Secrecy was agreed re
the purchase price.
The effects of the transaction onto the Group profit and loss statement of
the SKW Metallurgie Group are minimal:
* In the financial statements as of September 30, 2014, SKW Metallurgy
Sweden AB is no longer included in the profit and loss statement (accounted
for as a "discontinued operation" in the sense of IFRS 5).
* The expected deconsolidation effects are negligibly minor.
The sale is one measure of the announced new strategy of the SKW
Metallurgie Group, which entails inter alia a discontinuation of fostering
backward integration.
19.11.2014 The DGAP 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: SKW Stahl-Metallurgie Holding AG
Rathausplatz 11
84579 Unterneukirchen
Germany
Phone: +49 (0)8634 62720-15
Fax: +49 (0)8634 62720-16
E-mail: info@skw-steel.com
Internet: www.skw-steel.com
ISIN: DE000SKWM021
WKN: SKWM02
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Unterneukirchen (Germany), ISIN DE000SKWM021, is selling 100% of the shares
of SKW Metallurgy Sweden AB to the AlzChem Group. The sold company produces
and trades calcium carbide for the European market. Secrecy was agreed re
the purchase price.
The effects of the transaction onto the Group profit and loss statement of
the SKW Metallurgie Group are minimal:
* In the financial statements as of September 30, 2014, SKW Metallurgy
Sweden AB is no longer included in the profit and loss statement (accounted
for as a "discontinued operation" in the sense of IFRS 5).
* The expected deconsolidation effects are negligibly minor.
The sale is one measure of the announced new strategy of the SKW
Metallurgie Group, which entails inter alia a discontinuation of fostering
backward integration.
19.11.2014 The DGAP 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: SKW Stahl-Metallurgie Holding AG
Rathausplatz 11
84579 Unterneukirchen
Germany
Phone: +49 (0)8634 62720-15
Fax: +49 (0)8634 62720-16
E-mail: info@skw-steel.com
Internet: www.skw-steel.com
ISIN: DE000SKWM021
WKN: SKWM02
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte