3 January 2017
DETAILS
• Transaction approved by antitrust authorities
• Integration process underway
• Synergies of US$80 million and tax benefits
with net present value
exceeding US$500 million over the coming years
• Expected to increase adjusted earnings per share
in the 2017 business year
has completed the activities to acquire
the specialty additives business
(Performance Materials Division)
of the US company Air Products, Inc.
for US$3.8 billion (approx. €3.5 billion)
by the end of the year as planned.
The closing is scheduled for January 03, 2017.
All relevant antitrust authorities have approved
the transaction and the integration
of the acquired business is underway.
The transaction financing was completed successfully
in September and will consist of
* the company’s own funds in the amount €1.6 billion,
* with the other half to be financed by bonds
with a nominal value of €1.9 billion
Klaus Engel,
Chairman of the Executive Board of
Evonik Industries AG
“The successful completion of the acquisition
paves the way for swiftly merging
the activities of Evonik and the acquired units of
the Air Products Performance Materials business,”
“It puts Evonik in an excellent position
for further profitable growth
in the attractive specialty additives market.”
Contacts
- Evonik IR Team
- +49 (0)201 177-3146
- +49 (0)201 177-3140
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