Beiersdorf Aktiengesellschaft: Beiersdorf acquires Coppertone from Bayer
Beiersdorf acquires Coppertone from Bayer
Today Beiersdorf Aktiengesellschaft, Hamburg, entered into a definitive agreement with Bayer Aktiengesellschaft, Leverkusen, for the purchase of Bayer's sun care business marketed under the Coppertone brand for a purchase price of USD 550 million.
Through the acquisition of Coppertone, Beiersdorf is entering the world's largest sun care market, the USA, and strengthening its presence in North America. In 2018, the Coppertone business generated sales of around USD 213 million.
The completion of the transaction is subject to the approval of merger control authorities as well as further customary closing conditions, and is expected to take place in the third quarter 2019. The Supervisory Boards of both companies have already approved the transaction.Contact: Dr. Jens Geißler Head of Investor Relations Tel.: +49 (40) 4909 5000 Fax: +49 (40) 4909 18 5000 Inken Hollmann-Peters Vice President Corporate Communications Tel.: +49 (40) 4909 2001 Fax: +49 (40) 4909 2516
13-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Beiersdorf Aktiengesellschaft Unnastraße 48 20245 Hamburg
Germany Phone: +49 (0)40 4909-0 Fax: +49 (0)40 4909-34 34 E-mail: kontakt@Beiersdorf.com Internet: www.Beiersdorf.com ISIN: DE0005200000 WKN: 520000 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 810653 End of Announcement DGAP News Service
810653 13-May-2019 CET/CEST