DGAP-Adhoc: Manz AG: Joint venture partner exercises call option to acquire Manz AG's share in Talus Manufacturing Ltd.
DGAP-Ad-hoc: Manz AG / Key word(s): Disposal
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.
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11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|EQS News ID:||1147162|
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1147162 11-Nov-2020 CET/CEST
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Manz AG.
With a target price of €58.00 there is a slightly positive potential of 8.209% for Manz AG compared to the current price of €53.60.