DGAP-News
KTG Agrar SE: By Fosun International Limited controlled Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG Agrar SE
DGAP-News: KTG Agrar SE / Key word(s): Strategic Company
Decision/Investment
KTG Agrar SE: By Fosun International Limited controlled
Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG
Agrar SE
29.06.2015 / 07:00
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KTG Agrar SE: By Fosun International Limited controlled
Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG
Agrar SE
Strategic collaboration to intensify activities of KTG Agrar SE in the
Chinese Market and to solidly refinance KTG Group
Hamburg, 29 June 2015. The KTG Agrar SE continues its profitable growth
with the support of a new shareholder. Fidelidade-Companhia de Seguros SA,
the largest insurance company in Portugal and an indirect subsidiary of
Fosun (Fosun International Limited, HKEx stock code: 00656, and
subsidiaries) will invest in KTG Agrar SE. The new investor will acquire
620,000 shares of KTG Agrar SE subject to the fulfilment of certain
conditions precedent. After the completion of this transaction, the
freefloat of the KTG Agrar SE will be 60.1%.
"With Fosun we have acquired a reliable and renowned investor. Fosun
specializes in sustainable and value investments. The KTG Agrar SE
corporate strategy »From the field to the plate« is integrated into KTG's
value chain and matches Fosun's investment focus. Fosun's involvement will
be long term and it will support the KTG Group to exploit China as one of
the largest consumer markets by placing our high quality products there.
'Food made in Germany' is currently experiencing a rising demand within
China's middle class population. Simultaneously, we will intensify our
trade in agricultural commodities with the support of Fosun via our
subsidiary C. Mackprang jr. GmbH & Co. KG. We see Fosun's investment as an
endorsement of our corporate strategy, which aims at quality products and
brands as well as our strategy to consequently grow profitably. At the same
time, Fosun will support us actively to solidly refinance our group,"
explains Siegfried Hofreiter, CEO of KTG Agrar SE.
As a leading China-based, globally orientated investment group
headquartered in Shanghai, China, as well as having a worldwide presence,
Fosun has always followed an investment model called "Combining China's
Growth Momentum with Global Resources." Fosun's sights are set on the
consumer demands of China's rapidly growing middle class and their
KTG Agrar SE: By Fosun International Limited controlled
Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG
Agrar SE
Strategic collaboration to intensify activities of KTG Agrar SE in the
Chinese Market and to solidly refinance KTG Group
Hamburg, 29 June 2015. The KTG Agrar SE continues its profitable growth
with the support of a new shareholder. Fidelidade-Companhia de Seguros SA,
the largest insurance company in Portugal and an indirect subsidiary of
Fosun (Fosun International Limited, HKEx stock code: 00656, and
subsidiaries) will invest in KTG Agrar SE. The new investor will acquire
620,000 shares of KTG Agrar SE subject to the fulfilment of certain
conditions precedent. After the completion of this transaction, the
freefloat of the KTG Agrar SE will be 60.1%.
"With Fosun we have acquired a reliable and renowned investor. Fosun
specializes in sustainable and value investments. The KTG Agrar SE
corporate strategy »From the field to the plate« is integrated into KTG's
value chain and matches Fosun's investment focus. Fosun's involvement will
be long term and it will support the KTG Group to exploit China as one of
the largest consumer markets by placing our high quality products there.
'Food made in Germany' is currently experiencing a rising demand within
China's middle class population. Simultaneously, we will intensify our
trade in agricultural commodities with the support of Fosun via our
subsidiary C. Mackprang jr. GmbH & Co. KG. We see Fosun's investment as an
endorsement of our corporate strategy, which aims at quality products and
brands as well as our strategy to consequently grow profitably. At the same
time, Fosun will support us actively to solidly refinance our group,"
explains Siegfried Hofreiter, CEO of KTG Agrar SE.
As a leading China-based, globally orientated investment group
headquartered in Shanghai, China, as well as having a worldwide presence,
Fosun has always followed an investment model called "Combining China's
Growth Momentum with Global Resources." Fosun's sights are set on the
consumer demands of China's rapidly growing middle class and their
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