Cheminova to divest Stähler company in Switzerland

Date:01-30-2013

Cheminova has decided to divest the Swiss Stähler company to the local management. The agreement is favourable for both parties.

For Cheminova it means strengthening of earnings and value creation, as the divestment has a positive effect on both the operating profit and the debt situation in 2013. The outlook for the 2012 results is confirmed.

Win-win situation

Cheminova acquired the Swiss company as part of the Stähler group. The company is in particular selling a range of products from other suppliers in the Swiss market, and Cheminova's products account for only a small part of the business.

The agreement to divest the company to the local management, a so-called "Management Buy Out”, is a win-win situation, which secures local ownership to the company and an attractive price to Cheminova. The company will also have the opportunity to market Cheminova's products in Switzerland in the future.

Cheminova's Chief Executive Officer Kurt Pedersen Kaalund and the local management signed the divestment agreement in Switzerland on January 29th, 2013.