Cognis GmbH
Cognis GmbH: Sale of Pulcra Chemicals now formally completed
Cognis GmbH / Disposal Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher 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 03.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
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