Hansa Group AG  / Key word(s): Agreement

05.11.2014 19:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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At the weekend, the Management Board of HANSA GROUP AG (ISIN DE0007608606, WKN 760860) signed a purchase agreement for the assets of HANSA GROUP AG as well as its subsidiaries LUHNS GmbH, WASCHMITTELWERK GENTHIN GmbH and Chemische Fabrik WIBARCO GmbH.

Previously, following a structured bidding process during insolvency proceedings under self-administration opened on October 1, 2014, the creditors' committee had agreed to sell to Gemini Holding, which has its registered office in Pfäffikon, Switzerland. The parties agreed not to disclose the purchase price.

The purchase agreement will become definitive once the meeting of creditors approves the sale on November 13, 2014.

According to the current status of the insolvency proceedings, shareholders will not benefit from any of the proceeds of sale realized in the distribution process.

The Management Board


05.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Hansa Group AG
              Fritz-Henkel-Str. 8
              39307 Genthin
              Germany
Phone:        +49 (0)203-73804-109
Fax:          +49 (0)203-73804-309
E-mail:       silvia.kostova@hansagroup.de
Internet:     www.hansagroup.de
ISIN:         DE0007608606
WKN:          760860
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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