HOCHDORF Holding AG
HOCHDORF Holding Ltd: Signing of agreement and extraordinary General Meeting
EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): Takeover/AGM/EGM HOCHDORF Group Press Release: Signing of agreement / Extraordinary General Meeting HOCHDORF signs agreement on majority holding of Pharmalys Laboratories SA Hochdorf, 24 October 2016 – The HOCHDORF Group has signed the purchase agreement to acquire 51% of Pharmalys Laboratories SA, 51% of Pharmalys Tunisia Ltd SA and 51% of Pharmalys Africa Sarl, which is to be founded jointly. The agreement takes the HOCHDORF Group a significant step towards the end consumer in the Baby Care business area. The acquisition is expected to be completed by the end of 2016. The HOCHDORF Group has been producing infant formula since 1908, primarily for the Swiss market up to 2006, when HOCHDORF launched its successful internationalisation project. To date, however, the company has not been active on the end-consumer market. This will change with a 51% majority holding in Pharmalys Laboratories SA, Pharmalys Tunisia SA and Pharmalys Africa Sarl. Historic step for the HOCHDORF Group The acquisition of the shareholding is expected to be completed by the end of 2016. Extraordinary General Meeting The HOCHDORF Holding Ltd shareholders will decide on the amendments to the Articles of Association at the Extraordinary General Meeting of 29 November 2016. Invitations to the meeting will be sent out over the next few days. Michiel de Ruiter’s election as additional board member Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=QWQHAEDPRF Document title: Media Release: Signing HOCHDORF – Pharmalys End of ad hoc announcement Information and Explanation of the Issuer to this News: About the HOCHDORF Group About the Pharmalys Group |
Language: | English | |
Company: | HOCHDORF Holding AG | |
Siedereistrasse 9 | ||
6281 Hochdorf | ||
Switzerland | ||
Phone: | +41 41 914 65 65 | |
Fax: | +41 41 914 66 66 | |
E-mail: | hochdorf@hochdorf.com | |
Internet: | www.hochdorf.com | |
ISIN: | CH0024666528 | |
Listed: | SIX Swiss Exchange | |
End of News | EQS Group News Service |