Manz AG / DE000A0JQ5U3
08.05.2024 - 16:50:03Manz AG sells Hungarian company and thus optimises production structure
| EQS-Ad-hoc: Manz AG / Key word(s): Disposal 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 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 |
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1898959 08-May-2024 CET/CEST
