Brief: Hochdorf Holding To Realign Its Business

Centiel AG

08/07/2019 06:04

July 8 (Reuters) - Hochdorf Holding AG  HOCN.S :
    * PTA-ADHOC: HOCHDORF HOLDING LTD: HOCHDORF REALIGNS ITS
BUSINESS
    * HAS REVIEWED GROUP'S DIRECTION AND POSITIONING OF ITS
SUBSIDIARIES
    * TO FOCUS ON ITS FAST-GROWING BABY CARE DIVISION AND
CLOSELY
EXAMINE ALL STRATEGIC OPTIONS FOR FUTURE OF ITS 51% SUBSIDIARY
PHARMALYS
    * DAIRY INGREDIENTS DIVISION WILL DIVEST ITS PRODUCTION
PLANT IN
GERMANY AND DEVELOP A NEW STRATEGY
    * CEREALS & INGREDIENTS DIVISION IS TO BE DISCONTINUED DUE
TO A
LACK OF CRITICAL SIZE AND SCALABILITY
    * MEASURES WILL ALLOW EXISTING RESOURCES TO BE TARGETED MORE
EFFECTIVELY
    * FINANCING IS CURRENTLY BEING AGREED WITH COMPANY'S CREDIT
AND
FINANCIAL PARTNERS

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

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