EANS-News: Semperit already secured a 59.3% stake in Malaysian Latexx Partners
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Mergers - Acquisitions - Takeovers
Wien (euro adhoc) - Vienna/Kuala Lumpur, October 9, 2012. Today Semperit AG
Holding ("Semperit") (Bloomberg ticker: SEM:AV, Reuters: SMPV.VI) acquired 12%
of the shares of Malaysian Latexx Partners Berhad ("Latexx Partners") (Bloomberg
ticker: LTX:MK, Reuters: LATX.KL) in the open market. Including yesterday's
announced share sale agreement with Mr. Low Bok Tek (29.3% of the ordinary
shares outstanding and 67.3% of all outstanding warrants) and certain
shareholders having entered into put/call option agreements (9.1% of the
ordinary shares outstanding and 18.4% of all outstanding warrants) Semperit
secured a 59.3% stake in Latexx Partners on a diluted basis of 274.1 million
shares (post potential exercise of all warrants).
The success of the takeover is still subject to the conditions of obtaining the
approvals of antitrust authorities in Austria and Germany and the regulatory
approvals of the Securities Commission Malaysia.
Based on the above Semperit is confident that it will be able to acquire the
majority of Latexx Partners once the mentioned conditions are fulfilled.
About Semperit
The publicly listed company Semperit AG Holding is an internationally oriented
corporate group, which develops, produces and markets highly specialised
products made of rubber and plastics (examination and surgical gloves, hydraulic
and industrial hoses, conveyor belts, escalator handrails, building construction
profiles, cable car rings and railway superstructure products) in the Medical
and Industrial Business Sectors. The headquarters of this traditional Austrian
company whose roots date back to 1824 are located in Vienna, whereas the global
R&D centre is in Wimpassing, Lower Austria. Semperit employs a workforce of
about 8,100 people worldwide, of whom more than 5,600 work in Asia and more than
700 work in Austria. The Group encompasses 21 production facilities as well as
numerous sales offices in Europe, Asia and the Americas. In the 2011 fiscal year
the Group generated revenue of EUR 820 million and an EBIT of EUR 83 million.
About Latexx Partners
Latexx Partners is the world's sixth largest and one of the leading medical
gloves producers in Malaysia. The company owns six manufacturing plants. Latexx
Partners distributes its gloves to 80 countries, serving more than 300
customers. Latexx Partners employs more than 2,000 people. In the 2011 fiscal
year the company generated revenue of MYR 441 million (EUR 104 million) and an
EBIT of MYR 66 million (EUR 16 million).
Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperit.at
Clemens Taschée
Head of Group Accounting
Tel.: +43 (1)79 777-230
clemens.taschee@semperit.at
Stefan Marin
Investor Relations
Tel.: +43 67 8715 8210
stefan.marin@semperit.at
end of announcement euro adhoc
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company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-230
FAX: +43 1 79 777-602
mail: investors@semperit.at
WWW: www.semperit.at
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ViDX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien, stock market: Stuttgart,
Frankfurt
language: English