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Lenzing AG Werkstraße 2 4860 Lenzing, Austria http://www.lenzing.com
Contact Ms Angelika Guldt +43 7672 7012713
Company logo of Lenzing AG
Lenzing AG

Lenzing Sells Business Unit Plastics

Consortium led by Invest AG is the new owner

(PresseBox) (Lenzing, )
As part of its efforts to further concentrate on its core business of manufacturing fibers, Lenzing AG agreed to sell 85% of its shareholding in the Business Unit Plastics (Lenzing Plastics GmbH) to an Austrian bidding consortium led by Invest AG, the investment company of the Raiffeisen Banking Group Upper Austria based in Linz. The valuation equals close to 8 EBITDA multiples of the 2012 financial year. This decision was preceded by a multi-stage bidding process in which the new owner proved to the best bidder.

In the 2012 financial year Lenzing Plastics generated total sales of EUR 109.4 mn qpb oc NLSDXM av CHA 33.0 ua.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.