DGAP-News: CFC Industriebeteiligungen AG / Key word(s): Miscellaneous
CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG further
increases its Berndes commitment and completes the restructuring
process
28.12.2010 / 17:05
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- CFC Industriebeteiligungen acquires 30% of the shares in the Berndes
Group from the founding family
- CFC Industriebeteiligungen acquires fixed assets utilised by Berndes
from the previous minority shareholder
Dortmund, December 28, 2010
CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, today signed
an agreement for the acquisition of additional 30% of the shares in the
Berndes Group. Seller of the shares is the previous minority shareholder of
the founding family. In addition, CFC has acquired all fixed assets
previously owned by the founding family. To these primarily belong the real
estate at the head office in Arnsberg as well as machinery and equipment.
The price of the transaction will not be disclosed.
With the execution of the transaction, CFC has completed the organisational
restructuring process of the Berndes Group. The directly and indirectly
held participation of CFC in Berndes now increases to 65.7%. The remaining
share is apportioned to the participation of Greenpark Capital and is also
administered by CFC.
Already in October, CFC arranged the restructuring of a larger financial
commitment in the company and, by this means, created the basis for
prospective development.
Even though the market for cook ware remains challenging, CFC expects
positive momentum in 2011 and, in view of the adjusted strategic alignment
of the past months, is optimistic for the future.
Contact:
CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund
Jan Philipp Gieselberg
Tel: + 49 (0) 231 222 40 500
E-Mail: info@cfc.eu.com
End of Corporate News
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107730 28.12.2010
DGAP-News: CFC Industriebeteiligungen AG: CFC Industriebeteiligungen AG further increases its Berndes commitment and completes the restructuring process
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