DGAP-Ad hoc: Balda AG

DGAP-Adhoc: Balda AG: Italian Stevanato Group submits binding offer regarding sale of entire operating business - offer and invitation to extraordinary General Meeting are being reviewed

Balda AG / Key word(s): Disposal

14.12.2015 22:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Bad Oeynhausen, 14 December 2015 - Today, Balda AG received a binding offer by the Italian Stevanato Group ("Stevanato") regarding the sale of its entire operating business at a purchase price of EUR 80 million.

The Annual General Meeting of Balda AG on 30 November / 1 December 2015 had already approved a binding offer by the Heitkamp & Thumann Group, Düsseldorf ("H&T"), concerning the sale of its entire operating business at a purchase price of EUR 74 million. Balda AG so far has not accepted this offer.

The offer by Stevanato would also comprise the sale of all operating units of the Balda Group, namely Balda Medical GmbH & Co. KG, Balda C. Brewer, Inc. and Balda Precision, Inc., both located in California, USA, as well as Balda Medical Systems SRL, Romania, and further assets. Moreover, Stevanato also offers to keep all employees of the operating units and take over staff of Balda AG. Contrary to H&T, Stevanato intends to also purchase the "Balda" brand and any associated (intangible) assets.

The binding offer by Stevanato is oriented towards the bid by H&T, but in part contains deviating guarantees and indemnities of the sellers. It is also subject to prior approval by the General Meeting of Balda AG.

The Management Board and Supervisory Board will immediately review the offer by Stevanato. The Management Board will announce in the next few days whether an extraordinary General Meeting will be convened based on the Stevanato offer, which would then probably take place in late January 2016.



Contact / contact person Michael Pfister Deekeling Arndt Advisors tel: +49 (0) 5734 922 2555 mobile: +49 (0) 160 90560506 email: michael.pfister@deekeling-arndt.de

About Balda Balda (ISIN: DE0005215107) is a provider of high-end plastics solutions that rely on quality in sophisticated fields of application in the healthcare, lifestyle, automotive and consumer electronics industry. Balda operates in Europe and Northern America and has state of the art production sites at the Oeynhausen headquarters in Germany and in the US. The company's success with its about 800 staff worldwide is based on the use of modern, cost-efficient technologies and the close cooperation with our customers in a spirit of trust.

www.balda-group.com

14.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Balda AG Bergkirchener Str. 228 32549 Bad Oeynhausen Germany Phone: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-mail: ir@balda-group.com Internet: www.balda-group.com ISIN: DE0005215107 WKN: 521510 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------