from Manz AG (isin : DE000A0JQ5U3)
EQS-Adhoc: Manz AG sells Hungarian company and thus optimises production structure
EQS-Ad-hoc: Manz AG / Key word(s): Disposal
Manz AG sells Hungarian company and thus optimises production structure
08-May-2024 / 16:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information in accordance with Art. 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation)
Manz AG / Key word(s): Sale
Manz AG sells Hungarian company and thus optimises production structure
Reutlingen, May 8th, 2024 – Manz AG (ISIN: DE000A0JQ5U3) is selling its Hungarian subsidiary Manz Hungary Kft, Debrecen/Hungary, to Harro Höfliger Verpackungsmaschinen GmbH, Allmersbach, as part of a share deal, subject to contractually agreed conditions precedent and potential regulatory approvals. A corresponding agreement was signed by both parties today. The transaction is expected to be completed in the second quarter of 2024.
Manz Hungary Kft. specialises in the machining and welding of large-format objects, CNC milling and turning as well as the assembly of components and machines. With the sale of the Hungarian subsidiary, Manz AG optimises its production structure and gains greater flexibility in the manufacturing process through the planned close cooperation with Harro Höfliger Verpackungsmaschinen GmbH. The inflow of EUR 8 million from the transaction will additionally strengthen Manz AG's liquidity.
Additional information:
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker Symbol: M5Z
Market segment: Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
Manz AG
Steigäckerstraße 5
72768 Reutlingen
Deutschland
<End of Adhoc Release>
Investor Relations Contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 – 9000-395
E-Mail: investor-relations@manz.com
Kirchhoff Consult AG
Mario Groß
Tel.: +49 (0)40 – 609 186 82
E-Mail: manz@kirchhoff.de
End of Inside Information
08-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Manz AG |
| Steigäckerstr. 5 | |
| 72768 Reutlingen | |
| Germany | |
| Phone: | +49 (0) 7121 9000-0 |
| Fax: | +49 (0) 7121 9000-99 |
| E-mail: | info@manz.com |
| Internet: | http://www.manz.com |
| ISIN: | DE000A0JQ5U3 |
| WKN: | A0JQ5U |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1898959 |
| End of Announcement | EQS News Service |
1898959 08-May-2024 CET/CEST