DGAP-News: KTG Agrar SE / Key word(s): Strategic Company
Decision/Investment
KTG Agrar SE: By Fosun International Limited controlled
Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG
Agrar SE
29.06.2015 / 07:00
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KTG Agrar SE: By Fosun International Limited controlled
Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG
Agrar SE
Strategic collaboration to intensify activities of KTG Agrar SE in the
Chinese Market and to solidly refinance KTG Group
Hamburg, 29 June 2015. The KTG Agrar SE continues its profitable growth
with the support of a new shareholder. Fidelidade-Companhia de Seguros SA,
the largest insurance company in Portugal and an indirect subsidiary of
Fosun (Fosun International Limited, HKEx stock code: 00656, and
subsidiaries) will invest in KTG Agrar SE. The new investor will acquire
620,000 shares of KTG Agrar SE subject to the fulfilment of certain
conditions precedent. After the completion of this transaction, the
freefloat of the KTG Agrar SE will be 60.1%.
"With Fosun we have acquired a reliable and renowned investor. Fosun
specializes in sustainable and value investments. The KTG Agrar SE
corporate strategy »From the field to the plate« is integrated into KTG's
value chain and matches Fosun's investment focus. Fosun's involvement will
be long term and it will support the KTG Group to exploit China as one of
the largest consumer markets by placing our high quality products there.
'Food made in Germany' is currently experiencing a rising demand within
China's middle class population. Simultaneously, we will intensify our
trade in agricultural commodities with the support of Fosun via our
subsidiary C. Mackprang jr. GmbH & Co. KG. We see Fosun's investment as an
endorsement of our corporate strategy, which aims at quality products and
brands as well as our strategy to consequently grow profitably. At the same
time, Fosun will support us actively to solidly refinance our group,"
explains Siegfried Hofreiter, CEO of KTG Agrar SE.
As a leading China-based, globally orientated investment group
headquartered in Shanghai, China, as well as having a worldwide presence,
Fosun has always followed an investment model called "Combining China's
Growth Momentum with Global Resources." Fosun's sights are set on the
consumer demands of China's rapidly growing middle class and their
continuously upgrading lifestyles. In rapid succession, Fosun, together
with funds under its management has invested in French holiday resort chain
Club Med, world's leading producer of high-quality live artistic
entertainment Cirque du Soleil, Greek fashion brand Folli Follie, high-end
Italian tailored menswear company Caruso, American luxury women's apparel
company St. John, leading German fashion and lifestyle brand TOM TAILOR,
Hollywood movie company Studio 8 and British travel company Thomas Cook.
Fosun also invested in BHF-BANK, one of the largest independent private
banks in Germany. Fosun has leveraged its strengths to open up new channel
resources, and has worked hard to help these brands grow rapidly in China.
"We are really honored to corporate with KTG group. With the continuous
growth of consumer demand in the Chinese market, Fosun will be paying
increased attention to investments in health related industries. As our
first investment in an organic food and agricultural business, we continue
to consequently implement our strategy 'Combining China's Growth Momentum
with Global Resources' for a new sector. As one of the leading producers of
agricultural commodities in Europe, KTG has high quality products and
well-known brands. Its proven business model is worthwhile spreading and
applying globally, especially in the Chinese market. With our resources
and competitive advantage, we will support the KTG Group by not only
introducing its brands to the Chinese consumers but also helping the
Company to expand into the Chinese marketplace," explains Wang Qunbin,
President of Fosun.
About KTG Agrar SE
With cultivable land of over 45,000 hectares, KTG Agrar SE (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities, renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, potatoes, soy and rapeseed. KTG Agrar is the
European market leader in organic market products. The company mainly
produces in Germany but since 2005 also in the EU member state of
Lithuania. Through the takeover of the companies Frenzel Tiefkühlkost and
Bio-Zentrale Naturprodukte, KTG Agrar SE has been expanding the value chain
since 2011 and added food production to its business portfolio. In 2014,
KTG Agrar SE achieved a total output of EUR 297.7 million and an EBIT of
EUR 37.1 million. The company has been listed on the Frankfurt Stock
Exchange since November 2007 and employed more than 1,000 staff at year end
2014. Further information can be found on the company's website at
www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
MC Services AG
Tel: +49 211 529252 28
Email: fabian.lorenz@mc-services.eu
About Fosun International Limited
Fosun was founded in 1992 in Shanghai. Fosun International Limited
(00656.HK) was listed on the Main Board of The Stock Exchange of Hong Kong
Limited on 16 July 2007. Fosun has been persistently taking roots in China
and investing in China's growth fundamentals. It has been actively
implementing its investment model of "Combining China's Growth Momentum
with Global Resources". Fosun is dedicated to making a major stride towards
becoming a world-class investment group underpinned by the twin drivers of
"insurance-oriented comprehensive financial capability" and "global
industrial integration capability taking roots in China". Today, Fosun's
businesses include two major segments, integrated finance and industrial
operations. In 2014, Fosun focused more on investments in the healthcare
and happy and fashionable lifestyle industries around the world, including
cases like the privatization of Chindex, the acquisition of the entire Luz
Saúde healthcare group of Portugal, the establishment of Studio 8 as a
controlling shareholder, the privatization of Club Med and investment in
Thomas Cook which have just been concluded in March of this year. For more
information, please visit www.fosun.com.
Media Contact:
Jessica Wei
Tel:+86 10 5915 2123
Email: weiwj@fosun.com
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29.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: KTG Agrar SE
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: presse@ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4, DE000A1H3VN9, DE000A1ELQU9, DE000A11QGQ1,
WKN: A0DN1J , A1H3VN, A1ELQU, A11QGQ
Indices: HASPAX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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372701 29.06.2015
DGAP-News: KTG Agrar SE: By Fosun International Limited controlled Fidelidade-Companhia de Seguros SA, Portugal will acquire 9.03% of KTG Agrar SE
| Source: EQS Group AG