Lenzing Reduces Stake in EQUI-Fibres
Friday, 23 December 2016
This transaction represents the next logical step in the Lenzing Group’s implementation of its sCore TEN strategy. The buyer is a company represented by its Managing Directors Peter Untersperger and Gerald Schmidsberger. Untersperger is very familiar with both EQUI-Fibres and the fiber industry.
On the basis of this transaction, the financial result of the Lenzing Group for the current financial year is expected to increase by about EUR 10-15 mn. The payment of the stipulated purchase price is to take place starting in 2017.
For more information, please contact:
Vice President Corporate Communications & Investor Relations
Phone: +43 7672 701-2713