Balda Aktiengesellschaft

EANS-News: Balda AG: Another milestone reached in the restructuring

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Company Information/Strategic management decisions

Bad Oeynhausen (euro adhoc) - Balda AG: Another milestone reached in the restructuring

Bad Oeynhausen, 19 May 2010 - Balda AG, listed in the SDax segment on the Frankfurt Stock Exchange, has sold its direct and indirect shareholdings in Balda Motherson Solution Ltd. amounting to 60 percent to Motherson Sumi Systems Limited.

The parties agreed not to disclose the purchase price. The joint venture based in south Indian Chennai did not achieve the objectives initially set for the production of plastic assemblies for leading mobile phone manufacturers. After careful consideration of the opportunities and risks Balda AG sees no improving market prospects for the production site in the future, particularly because high investments would be necessary. By ending

the commitment in India Balda AG  has  reached  another  milestone  in  the

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Company Profile Balda AG
The  Balda  Group  develops  and  produces  complete  plastic   assemblies,
electronic products and products for the medical industry. The customers of 

Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets.

The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market.

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This corporate news announcement includes "forward-looking statements" which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required.

This corporate news announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act.

end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Balda Aktiengesellschaft

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