AT&S and SO.MA.CI.S. sign agreement for sale of AT&S Korea; AT&S adjusts outlook for 2024/25 and 2026/27
AT&S Austria Technologie & Systemtechnik AG / Key word(s): Disposal/Change in Forecast 23-Sep-2024 / 17:15 CET/CEST
AT&S and SO.MA.CI.S. sign agreement for sale of AT&S Korea to SO.MA.CI.S.; AT&S adjusts outlook for 2024/25 and 2026/27 accordingly
Disclosure of inside information pursuant to Article 17 MAR
Leoben – AT&S and SO.MA.CI.S. S.p.A. have signed an agreement for the sale of all shares of AT&S in AT&S Korea CO., LTD. (and thus the plant in Ansan, Korea) to SO.MA.CI.S. for a purchase price of € 405 million (equity value).
In addition, an interest rate was agreed between March 31, 2024, the locked box date, and the completion of the transaction (closing). Dividend distributions to AT&S AG since the Locked Box Date will be credited against the purchase price. The transaction is offset by a book value disposal of € 73 million (as at March 31, 2024).
The transaction is subject to the closing of the acquisition of SO.MA.CI.S. by Bain Capital Private Equity (Europe) LLP and merger control clearances and is expected to be completed on or before March 2025.
Subject to the above conditions of the completion of the acquisition of SO.MA.CI.S. by Bain Capital and merger control clearances, AT&S adjusts the outlook for 2024/25 and 2026/27:
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
End of Inside Information 23-Sep-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
Language: | English |
Company: | AT&S Austria Technologie & Systemtechnik AG |
Fabriksgasse 13 | |
8700 Leoben | |
Austria | |
Phone: | +43 (1) 3842200-0 |
E-mail: | ir@ats.net |
Internet: | www.ats.net |
ISIN: | AT0000969985, AT0000A09S02 |
WKN: | 922230 |
Indices: | ATX |
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EQS News ID: | 1993715 |
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