Trouble in Your Tank: Organic Addition Agents in Electrolytic Copper Plating
It’s Only Common Sense: Selling During an Economic Downturn
Marcy’s Musings: Can You Hear the Voices?
AT&S Completes Sale of Ansan Plant in Korea to SO.MA.CI.S. S.p.A.
February 3, 2025 | AT&SEstimated reading time: Less than a minute
AT&S and SO.MA.CI.S. S.p.A. have successfully closed the sale of all AT&S shares in AT&S Korea CO., LTD. (and thus the plant in Ansan, Korea) to SO.MA.CI.S.
“We are pleased that with SO.MA.CI.S. we have found a new owner who sees the further potential of the plant and will leverage it,” explains Peter Schneider, Spokesman of the Management Board. “The sale has enabled us to further sharpen our strategic profile, and the cash inflow from the sale will strengthen our financial position,” emphasizes CFO Petra Preining.
The purchase price (equity value) amounts to € 405 million plus around € 17 million in interest income (equity ticker). Management expects the transaction to result in a cash inflow of € 386 million after deduction of taxes, of which € 79 million has already been received in the form of dividend payments and an advance payment as of December 31, 2024. The ratio of net debt to EBITDA will thus be reduced to below 3.
Share on:
Suggested Items
Kitron: Q1 2025 - Strong Start to the Year
04/25/2025 | KitronKitron reported first-quarter results characterised by continued momentum in the Defence & Aerospace market sector and a growing order backlog.
Element Solutions Inc Announces 2025 First Quarter Financial Results
04/25/2025 | BUSINESS WIREElement Solutions Inc., a global and diversified specialty chemicals company, announced its financial results for the three months ended March 31, 2025.
Mycronic Posts Interim Report January-March 2025
04/25/2025 | MycronicMycronic announced its interim report for the period of January to March 2025, revealing a strong performance in the first quarter. The company reported significant increases in order intake and net sales, alongside a healthy EBIT margin.
Saab Receives Order for Additional Live Training Equipment from U.S. Marine Corps
04/15/2025 | SaabSaab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment.
Cicor Reports Double-Digit Growth Driven by Integration & M&A
04/15/2025 | CicorThe Cicor Group has made a successful start to the 2025 business year. In the first quarter, sales increased by 22.2 % to CHF 131.1 million (Q1/2024: CHF 107.3 million), while order intake increased by 29.1 % year-on-year to CHF 125.8 million.