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Acquisition of a further 10.8% stake in Fisipe S.A. completed - Squeeze-out procedure targeted
The Carbon Company – has completed the acquisition of a 10.8% stake in the listed Portuguese company Fisipe – Fibras Sintéticas de Portugal S.A. – from the previous shareholder, Quimifértil and as a result it now holds a 97% stake in the company. The transaction was approved by the Portuguese securities commission. The fact that SGL Group now holds a 97% stake means that the conditions for a squeeze-out procedure have now been achieved. Once the takeover proceedings are complete, Fisipe will be wholly-owned by SGL Group.
In April 2012, SGL Group completed the acquisition of an 86% stake in the listed Portuguese company Fisipe from the previous major shareholder Negofor. The purchase price amounted to around €25 million and is one of the benchmarks applied by the authorities with respect to the compulsory offer. With this transaction, SGL Group is expanding its production network for the supply of raw materials for carbon fiber production to include an additional production facility for precursors.