on Manz AG (isin : DE000A0JQ5U3)
Manz AG Announces Sale of Hungarian Subsidiary to Optimize Production Structure
On May 8, 2024, Manz AG disclosed the sale of its Hungarian subsidiary Manz Hungary Kft to Harro Höfliger Verpackungsmaschinen GmbH. This transaction, expected to close in Q2 2024, forms part of a strategic optimization of Manz AG's production structure. The sale, signed under a share deal with specific conditions and pending regulatory approvals, will reportedly enhance the company's manufacturing flexibility and strengthen its liquidity with an inflow of EUR 8 million.
Manz Hungary Kft specializes in various manufacturing processes, including machining and welding of large-format objects and the assembly of components and machines. Post-sale, Manz AG aims for a close collaboration with Harro Höfliger Verpackungsmaschinen GmbH to maintain efficiency in operations. This divestment aligns with Manz AG's ongoing efforts to streamline operations and focus on core competencies.
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