DGAP-Adhoc: Beiersdorf Aktiengesellschaft: Beiersdorf acquires Coppertone from Bayer

2019. május 13., hétfő, 19:03





DGAP-Ad-hoc: Beiersdorf Aktiengesellschaft / Key word(s): Mergers & Acquisitions


Beiersdorf Aktiengesellschaft: Beiersdorf acquires Coppertone from Bayer


13-May-2019 / 19:03 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.




Beiersdorf acquires Coppertone from Bayer



 



Today Beiersdorf Aktiengesellschaft, Hamburg, entered into a definitive agreement with Bayer Aktiengesellschaft, Leverkusen, for the purchase of Bayer"s sun care business marketed under the Coppertone brand for a purchase price of USD 550 million.



Through the acquisition of Coppertone, Beiersdorf is entering the world"s largest sun care market, the USA, and strengthening its presence in North America. In 2018, the Coppertone business generated sales of around USD 213 million.



The completion of the transaction is subject to the approval of merger control authorities as well as further customary closing conditions, and is expected to take place in the third quarter 2019. The Supervisory Boards of both companies have already approved the transaction.






Contact:

Dr. Jens Geißler

Head of Investor Relations

Tel.: +49 (40) 4909 5000img

Fax: +49 (40) 4909 18 5000img


Inken Hollmann-Peters

Vice President Corporate Communications

Tel.: +49 (40) 4909 2001img

Fax: +49 (40) 4909 2516img








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Language: English
Company: Beiersdorf Aktiengesellschaft

Unnastraße 48

20245 Hamburg

Germany
Phone: +49 (0)40 4909-0
Fax: +49 (0)40 4909-34 34
E-mail: kontakt@Beiersdorf.com
Internet: www.Beiersdorf.com
ISIN: DE0005200000
WKN: 520000
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 810653





 
End of Announcement DGAP News Service




810653  13-May-2019 CET/CEST







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