ARBONIA

Streamlining of the STI Group's portfolio

AFG is selling the Surface Technology Division of the Chinese subsidiary it owns to Edgar Oehler.

Arbon, 10 June 2014 – AFG Arbonia-Forster-Holding AG is selling the Chinese company STI Precision Machining (Changshu) Co., Ltd. based in Changshu (China), which is part of STI Surface Technologies International Holding AG. The buyer is FFG Finanzierungs- und Factorings AG, Balgach, owned by Edgar Oehler. The agreed purchase price corresponds to the valuation of two independent reports commissioned by the Board of Directors. The transaction will trigger no additional valuation adjustment requirement. The contract parties have agreed to remain silent about the purchase price, which is being paid out in AFG Arbonia-Forster-Holding AG shares. With the early sale of the Chinese division of the company, the Board of Directors is creating the best possible prerequisites for the announced and initiated sale of the STI Group.

Contact
Rudolf Graf
Chairman of the Board of Directors and CEO a.i
T +41 71 447 45 46
rudolf.graf(at)afg.ch 

Felix Bodmer
CFO
T +41 71 447 45 51
felix.bodmer(at)afg.ch 

 

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