Manz AG

  • WKN: A0JQ5U
  • ISIN: DE000A0JQ5U3
  • Land: Deutschland

Nachricht vom 11.11.2020 | 09:48

Manz AG: Joint venture partner exercises call option to acquire Manz AG's share in Talus Manufacturing Ltd.

Manz AG / Key word(s): Disposal
Manz AG: Joint venture partner exercises call option to acquire Manz AG's share in Talus Manufacturing Ltd.

11-Nov-2020 / 09:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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
WKN: A0JQ5U
Exchange abbreviation: M5Z
Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG
Steigäckerstraße 5
72768 Reutlingen
Germany

<End of Ad-hoc-Announcement>

 

Investor Relations Contact:

Manz AG
Axel Bartmann
Tel: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann@manz.com

cometis AG
Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-Mail: krause@cometis.de


11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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