EQS-Adhoc: Conzzeta: Sale of Schmid Rhyner completed
EQS Group-Ad-hoc: Conzzeta / Key word(s): Disposal/Personnel Implementation of the focus strategy Zurich, March 2, 2020 - Conzzeta has reported that it has completed the sale of Schmid Rhyner, which was announced on December 20, 2019. The business unit has been sold to the specialty chemicals group Altana, headquartered in Wesel, Germany. The change of control took place on February 28, 2020, with the corresponding deconsolidation. Jakob Rohner, CEO of Schmid Rhyner, therefore leaves the Conzzeta Executive Committee. According to Michael Willome, Conzzeta Group CEO: "The sale of Schmid Rhyner is a first concrete step towards focusing the business portfolio on Bystronic as announced. We wish the team at Schmid Rhyner every success in commercializing its innovative product portfolio under the new management of Altana." In 2019, Schmid Rhyner contributed 3.2% to Conzzeta's revenue, or 14.3% to the revenue of the Chemical Specialties segment. The transaction will result in a substantial divestment gain for the first half of 2020. Inquiries About Conzzeta Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=FXQJMQDKDP Document title: Sale of Schmid Rhyner completed End of ad hoc announcement |
Language: | English |
Company: | Conzzeta |
Giesshübelstrasse 45 | |
8045 Zürich | |
Switzerland | |
Phone: | +41 44 468 24 49 |
Fax: | +41 44 468 24 53 |
E-mail: | [email protected] |
Internet: | www.conzzeta.com |
ISIN: | CH0244017502 |
Valor: | A117LR |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; SIX Swiss Exchange |
EQS News ID: | 986739 |
End of Announcement | EQS Group News Service |
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986739 02-March-2020 CET/CEST