News: Cognis GmbH
03.11.08 08:36
abonnierenMeldung
DGAP-News: Cognis GmbH
Disposal
Cognis GmbH: Sale of Pulcra Chemicals now formally completed
Corporate News transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
------------------------------------
INVESTOR RELATIONS RELEASE
Monheim, November 03, 2008
Sale of Pulcra Chemicals now formally completed
Global specialty chemicals supplier Cognis and Fashion Chemicals GmbH & Co.
KG today announced that the sale of Pulcra Chemicals has now been formally
completed.
The sale is in line with Cognis strategy of focusing on its
core businesses driven by the wellness and sustainability trends.
The transaction follows the signing of an agreement to sell Cognis
subsidiary Pulcra Chemicals to Fashion Chemicals GmbH & Co. KG ('Fashion
Chemicals') and is based on the regulatory approval obtained from the
relevant authorities. The cash proceeds from the transaction amount to 23.1
million euros. Fashion Chemicals additionally took over 15 million euros of
financial liabilities (including debts and pensions).
Pulcra Chemicals, which supplies process chemicals to the textile and
leather industries, was previously the Process Chemicals strategic business
unit (SBU) of Cognis. The SBU was carved out into separate legal entities
on July 1, 2007, and renamed Pulcra Chemicals.
Contact
Monica Stephensons, Senior Manager Investor Relations
Cognis GmbH
Phone: +49-2173-4995-279
E-mail: investor-relations@cognis.com
Internet: www.cognis.com
(c)DGAP 03.11.2008
---------------------------------
Language: English
Issuer: Cognis GmbH
Rheinpromenade 1
40789 Monheim
Deutschland
Phone: 02173-4995-279
Fax: 0211-2006-10279
E-mail: investor-relations@cognis.com
Internet: www.cognis.com
ISIN: XS0191508281
WKN: A0BM7Q
Listed: Freiverkehr in Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------
Disposal
Cognis GmbH: Sale of Pulcra Chemicals now formally completed
Corporate News transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
------------------------------------
INVESTOR RELATIONS RELEASE
Monheim, November 03, 2008
Sale of Pulcra Chemicals now formally completed
Global specialty chemicals supplier Cognis and Fashion Chemicals GmbH & Co.
KG today announced that the sale of Pulcra Chemicals has now been formally
completed.
core businesses driven by the wellness and sustainability trends.
The transaction follows the signing of an agreement to sell Cognis
subsidiary Pulcra Chemicals to Fashion Chemicals GmbH & Co. KG ('Fashion
Chemicals') and is based on the regulatory approval obtained from the
relevant authorities. The cash proceeds from the transaction amount to 23.1
million euros. Fashion Chemicals additionally took over 15 million euros of
financial liabilities (including debts and pensions).
Pulcra Chemicals, which supplies process chemicals to the textile and
leather industries, was previously the Process Chemicals strategic business
unit (SBU) of Cognis. The SBU was carved out into separate legal entities
on July 1, 2007, and renamed Pulcra Chemicals.
Contact
Monica Stephensons, Senior Manager Investor Relations
Cognis GmbH
Phone: +49-2173-4995-279
E-mail: investor-relations@cognis.com
Internet: www.cognis.com
(c)DGAP 03.11.2008
---------------------------------
Language: English
Issuer: Cognis GmbH
Rheinpromenade 1
40789 Monheim
Deutschland
Phone: 02173-4995-279
Fax: 0211-2006-10279
E-mail: investor-relations@cognis.com
Internet: www.cognis.com
ISIN: XS0191508281
WKN: A0BM7Q
Listed: Freiverkehr in Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
---------------------------------
Kurs- und weitere Informationen zum Thema:
COGNIS HO.GMBH REG.S04/14
Aktuelle Diskussionen zum Thema:
Aktuelle Nachrichten zum Unternehmen:
Alle Nachrichten zum Unternehmen
Aktuelle Analysen zu den Unternehmen:
COGNIS HO.GMBH REG.S04/14
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