MUTARES AG
DGAP-Ad-hoc: Mutares AG / Key word(s): IPO NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. Publication in accordance with Article 17 MAR
Mutares AG: subsidiary STS Group AG plans IPO
Munich, April 23, 2018 - Mutares AG (ISIN: DE000A0SMSH2) plans IPO of its subsidiary STS Group AG in 2018. STS Group AG is a leading global supplier of soft and hard trim components to the automotive industry and develops, produces and sells plastic components, systems and acoustic parts, primarily for light and heavy commercial vehicles and passenger cars. In the 2017 financial year, which was characterized in particular by strong external growth due to the acquisition of the Truck Business of the Plastic Omnium Group and the acquisition of the Autoneum Group's production facility in Brazil, STS Group generated on the basis of preliminary, unaudited pro forma figures, taking into account the aforementioned acquisitions, revenue of approximately EUR 425 million and adjusted EBITDA of around EUR 24 million. The Management Board and Supervisory Board of Mutares AG today decided to plan a listing of STS Group AG in the regulated market of the Frankfurt Stock Exchange (Prime Standard). The offer is to include the issue of new shares of STS Group from a cash capital increase with a volume of approximately EUR 50 million. In addition to the planned capital increase, a secondary sale of shares from Mutares AG's shareholding should enable a sufficient free float. Mutares will remain the majority shareholder of STS Group after the IPO. For further information, please contact us: Mutares AG Contact financial press:
23-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Mutares AG |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | ir@mutares.de |
| Internet: | www.mutares.de |
| ISIN: | DE000A0SMSH2 |
| WKN: | A0SMSH |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
677383 23-Apr-2018 CET/CEST
