Franz Haniel & Cie. GmbH: Haniel pushes realignment with sale of METRO shares
Haniel pushes realignment with sale of METRO shares
Duisburg, 7 November 2019. EP Global Commerce (EPGC) yesterday acquired around 12.5 per cent of the ordinary shares of METRO AG held by Franz Haniel & Cie. GmbH (Haniel). In addition, there is a call option on the remaining 2.7 per cent of METRO shares held by Haniel. Both parties have agreed not to disclose the purchase price or the conditions of the call option. With this step Haniel ended its over 50-year and over the entire period very successful commitment to the company. In future, Haniel will no longer manage METRO AG as a financial investment. In this context, Haniel CFO Dr Florian Funck decided to resign from Supervisory Board of METRO AG no later than 7 December 2019.
With today's transfer of the METRO AG shares to EPGC, Haniel is driving forward its strategic realignment to become the leading family-equity company with a consistent sustainable orientation. Haniel CEO Thomas Schmidt: "With the closing, we have completed the announced exit from METRO AG. I would like to thank my colleague Florian Funck for his dedicated work on the Supervisory Board of METRO AG. We will invest the proceeds of the transaction in our focus areas People, Planet and Progress. Our goal is to sustainably create value for generations and at the same time to address the issues that move people and thus to enable them to have a future worth living".
Haniel's investments will focus on the areas of health & well-being, circular economy, climate change and robotics & automation.
The holistic investment approach covers the whole business life cycle. In addition to acquiring companies in more mature phases Haniel will invest approx. EUR 500 million mainly via funds in companies that are in an earlier development stage.
Schmidt adds: "Parallel to the restructuring and management of the portfolio, we are also making great strides towards creating a lean, performance-oriented holding company. Our common goal is to realign Haniel's culture, portfolio and understanding of leadership".
- Picture and video material on Haniel and the divisions
Haniel Franz Haniel & Cie. GmbH is a German family-equity company that has been headquartered in Duisburg-Ruhrort since it was founded in 1756. The 100 per cent family-owned Holding Company manages its diversified portfolio from there and pursues a long-term investment strategy as a value developer. Haniel's portfolio currently consists of six divisions that have independent responsibility for operational business and occupy market-leading positions in their sectors: BekaertDeslee, CWS, ELG, Optimar, ROVEMA and TAKKT. In addition, there is a financial investment in CECONOMY.
For more information on Haniel, please visit www.haniel.de/en and www.enkelfaehig.de.Contact Dietmar Bochert, Corporate Communications, +49 203 806-578, Fax: +49 203 806-80578, E-Mail: email@example.com
Additional features:Document: http://n.eqs.com/c/fncls.ssp?u=NADORETKCQDocument title: Press release: Haniel pushes realignment with sale of METRO shares
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Franz Haniel & Cie. GmbH Franz-Haniel-Platz 1 47119 Duisburg
Germany Phone: +49 (0)203 806 578 Fax: +49 (0)203 806 80 578 E-mail: firstname.lastname@example.org Internet: www.haniel.de ISIN: XS0482703286, XS0459131636 WKN: 601960, A1A6NE Listed: Regulated Unofficial Market in Frankfurt, Stuttgart EQS News ID: 905917 End of News DGAP News Service