Manz AG: Joint venture partner exercises call option to acquire Manz AG's share in Talus Manufacturing Ltd.
DGAP-Ad-hoc: Manz AG / Key word(s): Disposal Publication of inside information pursuant to Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation) Joint venture partner exercises call option to acquire Manz AG's share in Talus Manufacturing Ltd. Reutlingen, November 11, 2020 - The joint venture partner of Manz Taiwan Ltd., a subsidiary of Manz AG, has exercised its contractual call option to acquire Manz Taiwan Ltd.'s 80.5% share in Talus Manufacturing Ltd. Chungli City (Taiwan). The agreed selling price is in the mid double-digit million-euro range. The contribution to earnings made by Talus Manufacturing Ltd. totaled 8.8 million euros in fiscal year 2019 (previous year: - 2.6 million euros) and 9.3 million euros in the first nine months of fiscal year 2020. The transaction is still subject to regulatory approvals in Taiwan The joint venture partner is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Talus Manufacturing Ltd. is a global center for the refurbishment and upgrade of existing semiconductor manufacturing equipment. Additional information: ISIN: DE000A0JQ5U3 Manz AG <End of Ad-hoc-Announcement>
Investor Relations Contact: Manz AG cometis AG
11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Manz AG |
Steigäckerstr. 5 | |
72768 Reutlingen | |
Germany | |
Phone: | +49 (0) 7121 9000-0 |
Fax: | +49 (0) 7121 9000-99 |
E-mail: | info@manz.com |
Internet: | http://www.manz.com |
ISIN: | DE000A0JQ5U3 |
WKN: | A0JQ5U |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1147162 |
End of Announcement | DGAP News Service |
|
1147162 11-Nov-2020 CET/CEST