ARBN Arbonia AG

EQS-News: Sale of the Windows Division closed

EQS Group-News: Arbonia AG / Key word(s): Disposal
Sale of the Windows Division closed

01.09.2021 / 07:00

Arbon, 1 September 2021 - The closing of the sale of the Windows Division to the Danish DOVISTA Group, announced on 5 January 2021, took place yesterday, 31 August 2021, after all relevant competition authorities gave their approval.

A significant portion of the sales proceeds of around CHF 345 million was and will be used to increase profitable growth further by rapidly further developing and strengthening the two remaining HVAC and Doors Divisions, primarily organically as well as through targeted acquisitions. Various strategic initiatives are already being considered and implemented. In addition, part of the proceeds of the sale will be used to optimise the balance sheet structure.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T 4


End of Media Release
Language: English
Company: Arbonia AG
Amriswilerstrasse 50
9320 Arbon
Switzerland
Phone: 1
E-mail:
Internet:
ISIN: CH0110240600
Listed: SIX Swiss Exchange
EQS News ID: 1230302

 
End of News EQS Group News Service

1230302  01.09.2021 

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01/09/2021

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