checkAd

    DGAP-News  476  0 Kommentare AURELIUS sells compressor manufacturer SECOP to the Nidec Group and doubles its dividend





    DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal


    AURELIUS sells compressor manufacturer SECOP to the Nidec Group and doubles its dividend


    25.04.2017 / 06:30



    The issuer is solely responsible for the content of this announcement.



    AURELIUS sells compressor manufacturer SECOP to the Nidec Group and doubles its dividend



    - Sales price EUR185 m; AURELIUS earns approx. 11 times its invested capital after 7 years



    - Largest exit in AURELIUS' history



    - Approx. EUR 100 m positive effect on Group profit



    - Sustainable realignment of SECOP leads to strong revenue and earnings growth during AURELIUS' ownership



    - Strategic buyer Nidec with considerable synergy potential



    - AURELIUS doubles its dividend proposal to EUR 4 per share



    Munich, 25 April 2017 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) sells its subsidiary SECOP to the Nidec Group headquartered in Kyoto (Japan). At a sales price of EUR 185 m, this is the largest company sale in AURELIUS' history. The transaction is subject to the approval of the competent authorities and is expected to close in the coming months.



    With the sale, AURELIUS increases the capital it invested in SECOP by a multiple of approx. 11x. The transaction will have a positive effect on AURELIUS' 2017 Group profit of approx. EUR 100 m. The combination of this successful transaction and advanced plans for further disposals in the coming months has prompted the Executive Board to double its dividend proposal to the AGM to EUR 4 per share (EUR 1 base dividend plus EUR 3 participation dividend per share), from previously EUR 2 per share (EUR 1 base dividend plus EUR 1 participation dividend per share).



    "As a global technology leader, SECOP is a perfect example of the successful strategic realignment of a group spin-off under AURELIUS' ownership. We are particularly proud that, in this transaction, we exceeded the average cash multiple achieved for past exits", said Dr Dirk Markus, CEO of AURELIUS Equity Opportunities.

    Seite 1 von 4


    Diskutieren Sie über die enthaltenen Werte


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News AURELIUS sells compressor manufacturer SECOP to the Nidec Group and doubles its dividend DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal AURELIUS sells compressor manufacturer SECOP to the Nidec Group and doubles its dividend 25.04.2017 / 06:30 The issuer is solely responsible for the content of this …