BIC : Closing of BIC Graphic North America and Asian Sourcing operations divestiture
30 Juni 2017 - 11:03PM
BIC Group -
Press Release
Clichy - 30 June
2017
Closing of BIC Graphic North
America and Asian Sourcing
Operations
Divestiture
BIC Group today announces that
following the Asset and Share Purchase Agreement signed on
6 June 2017, BIC Graphic North America and Asian Sourcing
operations have been sold to H.I.G. Capital, for 80 million USD,
including 70 million USD in cash and 10 million USD through a
six-year subordinated note bearing a 7% per annum capitalized
interest.
BIC Graphic North America and
Asian Sourcing Assets and Liabilities have been accounted for as
"Non-Current Assets Held For Sale" and "Discontinued Operations"
since 31 December, 2016, in accordance with IFRS 5[1]. The
estimated net loss resulting from the divestiture on BIC Group Full
Year 2017 results is approximately 5 million EUR, subject to final
adjustments. This non-recurring item will be excluded from
Normalized Earnings Per Share.
Investor Relations: +33 1 45 19 52 26 |
Press Contact |
Sophie
Palliez-Capian
sophie.palliez@bicworld.com |
Priscille
Reneaume: +33 1 53 70 74 70
preneaume@image7.fr |
Katy
Bettach
katy.bettach@bicworld.com |
|
For more information, please consult the corporate
website: www.bicworld.com
2017
Agenda (all dates to be confirmed)
Second
Quarter - First Half 2017 results |
03 August
2017 |
Conference
call |
Third
Quarter 2017 results |
25 October
2017 |
Conference
Call |
Full Year
2017 Results |
14 February
2018 |
Meeting -
BIC's Headquarters |
First
Quarter 2018 Results |
25 April
2018 |
Conference
call |
BIC is a world
leader in stationery, lighters, shavers and promotional products.
For more than 60 years, BIC has honored the tradition of providing
high-quality, affordable products to consumers everywhere. Through
this unwavering dedication, BIC has become one of the most
recognized brands in the world. BIC products are sold in more than
160 countries around the world. In 2016, BIC recorded Net Sales of
2,025.8 million euros. The Company is listed on "Euronext Paris"
and is part of the SBF120, CAC Mid 60 and Family Business indexes.
BIC is also part of the following Socially Responsible Investment
indexes: CDP's Climate A List, CDP's Supplier Climate A List,
CDP Supplier Engagement Leader Board, FTSE4Good indexes, Ethibel
Sustainability Index (ESI) Excellence Europe, Euronext Vigeo -
Eurozone 120, Euronext Vigeo - Europe 120, Stoxx Global ESG Leaders
Index.
[1]
Please refer to BIC Q1 2017 press release issued on 26 April
2017
BIC Graphic North America &
Asian Sourcing operations divestiture
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BIC via Globenewswire
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