ad hoc

SKW Metallurgie Group divests Swedish affiliate

Unterneukirchen (Germany), November 19, 2014. With effect of November 19, 2014, SKW Stahl-Metallurgie Holding AG, Unterneukirchen (Germany), ISIN DE000SKWM021, is selling 100% of the shares of SKW Metallurgy Sweden AB to the AlzChem Group. The sold company produces and trades calcium carbide for the European market. Secrecy was agreed re the purchase price.

The effects of the transaction onto the Group profit and loss statement of the SKW Metallurgie Group are minimal:

  • In the financial statements as of September 30, 2014, SKW Metallurgy Sweden AB is no longer included in the profit and loss statement (accounted for as a “discontinued operation” in the sense of IFRS 5).
  • The expected deconsolidation effects are negligibly minor.
The sale is one measure of the announced new strategy of the SKW Metallurgie Group, which entails inter alia a discontinuation of fostering backward integration.