Brief: Heidelberger Druck sells Gallus to Swiss packaging group Benpac

Heidelberger Druckmaschinen AG

22/07/2020 20:02

July 22 (Reuters) - Heidelberger Druckmaschinen AG
 HDDG.DE :
    * HEIDELBERGER DRUCKMASCHINEN CONCLUDES AGREEMENT TO SELL
THE
GALLUS GROUP TO FURTHER FOCUS ON ITS CORE BUSINESS
    * SAYS WITH AN AGREED PURCHASE PRICE OF SOME 120 MILLION
EUROS,
HEIDELBERG IS EXPECTING DEAL TO GENERATE EARNINGS IN MID
DOUBLE-DIGIT MILLION-EURO RANGE
    * SAYS SIGNED AN AGREEMENT TO SELL GERMAN-SWISS GALLUS GROUP
TO
SWISS PACKAGING GROUP BENPAC HOLDING AG.

Source text for Eikon:  ID:nEQ6XRGKxa 
Further company coverage:  HDDG.DE 

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