20 October 2016
VIEW SGL TRANSFORMATION PRESENTATION
DETAILS
signed the sale and purchase agreement to sell
its graphite electrode (GE) business
The two parties have agreed on an enterprise value
(cash and debt free) of 350 million euros, which,
after deduction of standard debt-like items
(mainly pension and restructuring provisions)
results in cash proceeds of at least 200 million euros.
The final proceeds will be determined based on
the balance sheets at closing.
The transaction is subject to customary closing conditions,
relating in particular to antitrust approvals.
Closing is expected in the first half of 2017.
Dr. Jürgen Köhler,
CEO of SGL Group
“The transaction is an important milestone
for our strategic realignment.
We will now be focusing our resources fully
on our growth areas Composites -
Fibers & Materials (CFM) and
Graphite Materials & Systems (GMS)
taking advantage of three megatrends
mobility, energy supply, and digitization.”
VIEW ACQUISITION PRESENTATION FROM SDK
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