DGAP-Adhoc

Balda AG: Balda AG: New - non-binding - offer to purchase the operating business - Italian Stevanato Group indicates a possible purchase price of EUR 80 million

Balda AG / Key word(s): Disposal

26.11.2015 10:50

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.

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Bad Oeynhausen, November 26, 2015 - Today, Balda AG received yet another,
so far non-binding offer for the sale of its entire operating business. On
October 30, 2015, Balda AG announced that it had received a binding offer
for the sale of its entire operating business at a purchase price of EUR 74
million from the Heitkamp & Thumann Group, Düsseldorf ("H&T"). The offer by
H&T is subject to approval by the General Meeting of Balda AG.

Today, the Management Board of Balda AG received a - non- binding - offer
by the Italian Stevanato Group ("Stevanato"). The offer stipulates a
purchase price of EUR 80 million and is similar to the bid by H&T in terms
of structure and guarantees.

Subject to a conclusive due diligence and the finalization of contractual
documents, Stevanato also holds out the prospect of submitting a binding
notarial offer by December 14, 2015, 24.00 hours. The Management Board and
the Supervisory Board assume that Stevanato will deliver on this promise in
due time. Any binding offer by Stevanato will also depend on prior approval
by the General Meeting of Balda AG.

The Management Board has invited the shareholders to the Annual General
Meeting 2015 on November 30, 2015 and, if necessary, December 1, 2015. The
agenda features, among other things, the approval of the General Meeting
concerning the offer by H&T. The Management Board and the Supervisory Board
have agreed to maintain the agenda and the Boards' recommendations to
approve the offer by H&T, because the offer by Stevanato is not yet
binding. If the General Meeting approves of the offer by H&T and should
Stevanato then submit a binding offer in due time and before implementation
of the resolution of the General Meeting, the Management Board and the
Supervisory Board will have to review the content of this offer and
determine whether a new General Meeting is to be convened. At this occasion
- subject to rescinding the resolution of approval concerning the offer by
H&T - the binding offer by Stevanato would then be put to the vote. In case
Stevanato fails to submit the announced binding offer in due time, though,
or if it does not live up to the expectations, the resolution of approval
by the General Meeting concerning the offer by H&T could take effect and no
additional General Meeting would be required.

Contact/contact person

Michael Pfister
Deekeling Arndt Advisors
tel: [phone]
mobile: [phone]
email: [e-mail]

About Balda

Balda (ISIN: DE0005215107) is a provider of high-end plastics solutions
that rely on quality in sophisticated fields of application in the
healthcare, lifestyle, automotive and consumer electronics industry. Balda
operates in Europe and Northern America and has state of the art production
sites at the Oeynhausen headquarters in Germany and in the US. The
company's success with its about 800 staff worldwide is based on the use of
modern, cost-efficient technologies and the close cooperation with our
customers in a spirit of trust.

www.balda-group.com


26.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
Phone: [phone] / 9 22-0
Fax: [phone]
E-mail: [e-mail]
Internet: www.balda-group.com
ISIN: DE0005215107
WKN: 521510
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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