BIC Sport Divestiture Closing
02 Januar 2019 - 8:45AM
BIC Group - Press
Release
Clichy - 02 January 2019
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BIC SPORT DISPOSAL TO TAHE OUTDOORS COMPLETED
BIC announces that it has
completed the divestiture of BIC Sport, its water sports
subsidiary, to Tahe Outdoors for a total Enterprise Value between 6
and 9 million euros, contingent upon BIC Sport's future financial
results.
This transaction has been approved
by BIC Sport Works Council.
Founded in 1979, BIC Sport
pioneered the windsurf industry and progressively diversified its
activities to include surfing, kayaking, junior racing dinghies and
stand up paddleboarding. Headquartered in Vannes (France), BIC
Sport sells its products in more than 90 countries, with strong
positions in Europe, North America and Asia Pacific.
Tahe Outdoors is one of the
largest and fastest growing European manufacturers of paddle sport
and kite surfing equipment. Established in 1989, Tahe Outdoors
sells its products in 50 countries and manufactures in France,
Germany, and Estonia. By leveraging the two companies' strengths,
including strong brands, state-of-the-art manufacturing facilities,
and solid technological know-how, this transaction leads to the
creation of a recognized worldwide leader in water sports.
Investor Relations: +33 1 45 19 52 26 |
Press Contacts |
Sophie
Palliez-Capian
sophie.palliez@bicworld.com |
Albane de
La Tour d'Artaise +33 1 45 19 52 00
Albane.DeLaTourD'Artaise@bicworld.com |
Michèle
Ventura
michele.ventura@bicworld.com |
Isabelle
de Segonzac: +33 6 89 87 61 39
isegonzac@image7.fr |
For more information, please consult the corporate
website: www.bicworld.com
2019
Agenda (all dates to be confirmed)
Full Year
2018 results |
13
February 2019 |
Meeting -
BIC Headquarters |
First
Quarter 2019 results |
25 April
2019 |
Conference
call |
2019
AGM |
22 May
2019 |
Meeting -
BIC Headquarters |
BIC is a world
leader in stationery, lighters and shavers. For more than 70 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 and is
a trademark registered worldwide for identifying BIC products which
are sold in more than 160 countries around the world. In 2017, BIC
Net Sales were 2,041.4 million euros. The Company is listed on
"Euronext Paris" and is part of the SBF120 and CAC Mid 60 indexes.
BIC is also part of the following Socially Responsible Investment
indexes: CDP's "Leadership Level" (A-) and
"Leadership Level" for the additional "Supplier" module, Euronext
Vigeo - Eurozone 120, Euronext Vigeo - Europe
120, FTSE4Good indexes, Ethibel Pioneer and
Ethibel Excellence Investment Registers, Ethibel Sustainability Index (ESI) Excellence Europe, Stoxx
Global ESG Leaders Index.
BIC Sport Divestiture
Closing
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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