DGAP-Adhoc: Beiersdorf Aktiengesellschaft: Beiersdorf to acquire prestige skin care business Chantecaille
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DGAP-Ad-hoc: Beiersdorf Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Takeover Beiersdorf to acquire prestige skin care business Chantecaille
Today, Beiersdorf Aktiengesellschaft, Hamburg, via a group company entered into an agreement with the shareholders of Chantecaille Beaute Inc., USA, for the acquisition of the Chantecaille prestige skin care business. Depending on the future development of the Chantecaille business, the enterprise value is between USD 590 million and USD 690 million. Through the acquisition of Chantecaille, Beiersdorf will complement its position in the premium skin care segment and seeks to enhance growth in particular in North America and the Asian markets. In 2021, it is expected that Chantecaille will generate global sales in excess of USD 100 million. The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022. Contact: Dr. Jens Geißler Head of Investor Relations Tel.: +49 (40) 4909 5000 Fax: +49 (40) 4909 18 5000 Anke Schmidt Vice President Corporate Communications Tel.: +49 (40) 4909 2001 Fax: +49 (40) 4909 2516
21-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Beiersdorf Aktiengesellschaft |
| Unnastraße 48 | |
| 20245 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 4909-0 |
| Fax: | +49 (0)40 4909-34 34 |
| E-mail: | [email protected] |
| Internet: | www.Beiersdorf.com |
| ISIN: | DE0005200000 |
| WKN: | 520000 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1260886 |
| End of Announcement | DGAP News Service |
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1260886 21-Dec-2021 CET/CEST
Beiersdorf AG Stock
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