EANS-News: K+S Aktiengesellschaft Closing has been concluded K+S
successfully completes sale of COMPO
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Kassel (euro adhoc) - Kassel, Germany - October 18, 2011
Closing has been concluded
K+S successfully completes sale of COMPO
K+S Aktiengesellschaft has successfully concluded the sale of COMPO to the
European private equity investor Triton, after the EU cartel authorities have
approved the deal as of September 26.
The strategy of the K+S Group provides for growth particularly in the Potash
and Magnesium Products segment as well as the Salt business segments and for a
focus of management resources and financial means on this. Against this
backdrop, K+S had announced the sale of COMPO to Triton on June 20, 2011.
About COMPO
COMPO, based in Münster/Westphalia, is one of the leading suppliers of branded
goods for home and garden. The range of products includes fertilizers, plant
protection products, high-quality potting soils and speciality products for
public green areas, professional horticulture, special crops and special
applications in agriculture. The company has one of the best-known brand and
most innovative product portfolios in the sector and employs 1,075 people
globally.
About Triton
Triton is an independent European private equity investor and focuses on
companies in German-speaking countries and Northern Europe. Triton invests in
market leaders in attractive niches with a high value-creation potential.
Investors in the Triton funds are renowned institutional investors, pension
funds, families and foundations.
About K+S
The K+S Group is one of the world's leading suppliers of standard and
speciality fertilizers. In the salt business, K+S is the world´s leading
producer with sites in Europe as well as North and South America. K+S offers a
comprehensive range of goods and services for agriculture, industry, and
private consumers which provides growth opportunities in virtually every sphere
of daily life. The K+S Group employs more than 14,000 people. K+S - the
commodities stock on the German DAX index - is listed on all German stock
exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S can be
found at www.k-plus-s.com.
Your contact persons:
Press:
Ulrich Göbel
phone: +49 561 9301-1722
fax: +49 561 9301-1666
ulrich.goebel@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
Forward-Looking Statements
Statements in this release that are forward-looking statements are subject to
various risks and uncertainties. Such statements represent management's best
judgment as of the date hereof based on information currently available.
Statements in this press release other than purely historical information,
including statements relating to the companies' future plans and objectives or
expected results, constitute forward-looking statements. Forward looking
statements are based on numerous assumptions and are subject to all of the
risks and uncertainties inherent in the companies' business. The companies do
not assume the obligation to update any forward-looking statement.
Further inquiry note:
Your contact persons:
Press:
Ulrich Göbel
phone: +49 561 9301-1722
fax: +49 561 9301-1666
ulrich.goebel@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
K+S Aktiengesellschaft
Kommunikation und Medien
Postfach 10 20 29, 34111 Kassel
Bertha-von-Suttner-Str. 7, 34131 Kassel
www.k-plus-s.com
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Aufsichtsratsvorsitzender: Dr. Ralf Bethke
Vorstand: Norbert Steiner (Vors.), Joachim Felker, Gerd Grimmig, Dr. Thomas
Nöcker, Jan Peter Nonnenkamp
Sitz der Gesellschaft: Kassel; Handelsregister: Kassel HRB 2669
end of announcement euro adhoc
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company: K+S Aktiengesellschaft
Bertha-von-Suttner-Straße 7
D-34131 Kassel
phone: +49 (0)561 9301-1460
FAX: +49 (0)561 9301-2425
mail: christian.herrmann@k-plus-s.com
WWW: http://www.k-plus-s.com
sector: Chemicals
ISIN: DE000KSAG888
indexes: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: official dealing/prime standard: Frankfurt, regulated dealing:
Stuttgart, München, official dealing: Berlin, Hamburg, Hannover
language: English