Beiersdorf Aktiengesellschaft: Beiersdorf acquires Coppertone from Bayer

Beiersdorf Aktiengesellschaft / Key word(s): Mergers & Acquisitions

Beiersdorf Aktiengesellschaft: Beiersdorf acquires Coppertone from Bayer

13-May-2019 / 19:03 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 acquires Coppertone from Bayer

 

Today Beiersdorf Aktiengesellschaft, Hamburg, entered into a definitive agreement with Bayer Aktiengesellschaft, Leverkusen, for the purchase of Bayer’s sun care business marketed under the Coppertone brand for a purchase price of USD 550 million.

Through the acquisition of Coppertone, Beiersdorf is entering the world’s largest sun care market, the USA, and strengthening its presence in North America. In 2018, the Coppertone business generated sales of around USD 213 million.

The completion of the transaction is subject to the approval of merger control authorities as well as further customary closing conditions, and is expected to take place in the third quarter 2019. The Supervisory Boards of both companies have already approved the transaction.

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

Inken Hollmann-Peters
Vice President Corporate Communications
Tel.: +49 (40) 4909 2001
Fax: +49 (40) 4909 2516


13-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Beiersdorf Aktiengesellschaft
Unnastraße 48
20245 Hamburg
Germany
Phone: +49 (0)40 4909-0
Fax: +49 (0)40 4909-34 34
E-mail: kontakt@Beiersdorf.com
Internet: www.Beiersdorf.com
ISIN: DE0005200000
WKN: 520000
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 810653

 
End of Announcement DGAP News Service

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