Brief: Hochdorf Holding Says Selling Majority Shareholding Of 60% In Uckermärker Milch GmbH To Ostmilch Handels GmbH

Centiel AG

26/02/2020 17:17

Feb 26 (Reuters) - Hochdorf Holding AG  HOCN.S :
    * HOCHDORF HOLDING- SELLING MAJORITY SHAREHOLDING OF 60% IN
UCKERMÄRKER MILCH GMBH TO OSTMILCH HANDELS GMBH, WHICH
PREVIOUSLY HELD 40% OF SHARES
    * SALE IS MOTI-VATED BY COMPANY'S STRATEGIC FOCUS ON ITS
BABY CARE
AND DAIRY INGREDIENTS DIVISIONS, WITH SWISS PRODUCTION SITES
    * SALE WILL BE COMPLETED WITH CLOSING DATE ON FRIDAY
28.02.2020
    * CONTRACT SIGNED TODAY MAKES OSTMILCH HANDELS GMBH SOLE
OWNER OF
UCKERMÄRKER MILCH GMBH
    * WITH SALE OF MILK PLANT, HOCHDORF GROUP'S DAIRY
INGREDIENTS
DIVISION IS FOCUSSING ON PRODUCTION IN SWITZERLAND

Source text for Eikon:  ID:nPexJYpfWa 
Further company coverage:  HOCN.S 

 ((Reuters.Briefs@thomsonreuters.com;))