Arbonia Sells Climate Division to Midea for a Whopping €760 Million

• Arbonia AG has decided to sell its Climate Division to Midea Electrics Netherlands B.V., a company of Midea Group, for EUR 760 million.
• Up to CHF 400 million of the sales proceeds are to be returned to the shareholders after the transaction is completed.
• The net sale proceeds will be used to strengthen the doors business and to reduce net debt.
• The Climate Division develops and produces products and systems for sustainable heat and cold generation, heat and cold distribution, as well as for ventilation and air filtration.
• The transaction is subject to the required approvals by relevant regulators and is expected to close in the second half of 2024.
• Following the transaction, Arbonia will focus its strategy on its doors business, with the aim of becoming a European market leader for doors made of wood and glass.

The next important date, Quarterly report, at Arbonia is on 20.08.2024.

Arbonia

-0,24 %

-1,74 %

0,00 %

+16,89 %

+12,84 %

-13,24 %

+28,93 %

-8,02 %

ISIN:CH0110240600WKN:A1CUXD

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• Max