Beiersdorf Aktiengesellschaft: Beiersdorf to acquire prestige skin care business Chantecaille – Yahoo Eurosport UK

Beiersdorf Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Takeover
Beiersdorf Aktiengesellschaft: Beiersdorf to acquire prestige skin care business Chantecaille

21-Dec-2021 / 22:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Beiersdorf to acquire prestige skin care business Chantecaille

 

Today, Beiersdorf Aktiengesellschaft, Hamburg, via a group company entered into an agreement with the shareholders of Chantecaille Beaute Inc., USA, for the acquisition of the Chantecaille prestige skin care business. Depending on the future development of the Chantecaille business, the enterprise value is between USD 590 million and USD 690 million.

Through the acquisition of Chantecaille, Beiersdorf will complement its position in the premium skin care segment and seeks to enhance growth in particular in North America and the Asian markets. In 2021, it is expected that Chantecaille will generate global sales in excess of USD 100 million.

The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.

Contact:
Dr. Jens Geißler
Head of Investor Relations
Tel.: +49 (40) 4909 5000
Fax: +49 (40) 4909 18 5000

Anke Schmidt
Vice President Corporate Communications
Tel.: +49 (40) 4909 2001
Fax: +49 (40) 4909 2516

21-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Source: https://uk.sports.yahoo.com/news/beiersdorf-aktiengesellschaft-beiersdorf-acquire-prestige-210431609.html

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