EANS-Adhoc: SHW AG One-off proceeds in the mid double-digit million range from
sale of stake in Canadian STT
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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28.09.2012
Aalen, 28 September 2012 - SHW AG (ISIN DE000A1JBPV9, WKN A1JBPV) has reached an
agreement with its joint venture partner for the sale of its 50% stake in STT
Technologies, Inc., Canada. The proportionately consolidated STT achieved a
sales contribution of 31.2 million Euros in the first six months of fiscal year
2012. This equals approximately 15 percent of group sales.
The sales price in Euro will be in the mid double-digit million range. As a
result, the parties mutually agreed to settle the pending arbitration
proceedings.
Additional information:
ISIN: DE000A1JBPV9
WKN: A1JBPV
Market segment: Regulated market of the Frankfurt Stock Exchange
SHW AG
Wilhelmstrasse 67
D-73433 Aalen
- End of the ad hoc release -
Further inquiry note:
Michael Schickling
Head of Investor Relations and Corporate Communications
Tel.: +49 (0) 7361 502 462
E-Mail: michael.schickling@shw.de
end of announcement euro adhoc
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issuer: SHW AG
Wilhelmstrasse 67
D-73433 Aalen
phone: +49 7361 502-1
FAX: +49 7361 502-674
mail: ir@shw.de
WWW: http://www.shw.de
sector: Automotive Equipment
ISIN: DE000A1JBPV9
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/prime
standard: Frankfurt
language: English