2013-02-01 07:04:36 -
Tessenderlo Group (NYSE Euronext: TESB) announced today that it has completed
the sale of its continental European Profiles activities to OpenGate Capital, a
global private investment company.
On August 29 2012, the group announced its intention to divest the continental
European Profiles activities. Information and consultation procedures were
subsequently successfully completed.
This divestment is in line with Tessenderlo Group's strengthened focus on
specialty products and services in the areas of food, agriculture, water
management and valorizing bio-residuals.
The continental European Profiles activities, known under the brand name
Profialis, include production facilities
in France (Clerval) and Belgium
(Oeselgem), distribution centers in Hungary and Poland, and employ more than
300 people.
Tessenderlo Group is a worldwide specialty company, focused on food,
agriculture, water management and on valorizing bio-residuals. The group employs
about 7,500 people and is a leader in most of its markets, with a consolidated
revenue of 2.1 billion EUR in 2011. Tessenderlo Chemie NV is listed on NYSE
Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices.
Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
For more information about OpenGate Capital LL , please visit
www.opengatecapital.com .
Media Relations Investor Relations
Kathleen IWENS Philip LUDWIG
Tel: +32 (0) 478 664 555 Tel: +32 2 639 16 58
This press release is available in Dutch, French and English on the corporate
website www.tessenderlogroup.com - under 'News & Media'
To read the full press release in English, click here:
hugin.info/133974/R/1674828/545453.pdf
Hier kan je het volledige bericht in het Nederlands lezen:
hugin.info/133974/R/1674828/545454.pdf
Pour lire le communiqué de presse complet en Français, cliquez ici:
hugin.info/133974/R/1674828/545455.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tessenderlo Group via Thomson Reuters ONE
[HUG#1674828]
