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.
13-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)40 4909-0|
|Fax:||+49 (0)40 4909-34 34|
|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|