K+S AKTIENGESELLSCHAFT (FRA:SDF) K+S Aktiengesellschaft: K+S is driving the complete sale of the Operating Unit Americas forward and is realigning the company
Transparency directive : regulatory news
11/03/2020 13:52
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DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Strategic Company Decision
Today, the Supervisory Board has agreed with the decision of the Board of Executive Directors from March 5, 2020 to drive the complete sale of the Operating Unit Americas forward. Signing is expected in 2020. Thus, the focus on the business with mineral fertilizers and specialties is connected with a comprehensive realignment of K+S. This includes a major restructuring of the organization as well as a new dimensioning of the administrative functions. The realization of all measures will allow the company to reduce its net financial debt presumably by significantly more than € 2 billion and enables K+S to fulfil the requirements of a stable crossover rating. The new positioning with a solid financial basis enables K+S to expand the profitable business with fertilizer specialties.
Contact: Investor Relations: Dirk Neumann Phone: +49 561 9301-1460 d.neumann@k-plus-s.com
11-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | K+S Aktiengesellschaft |
| Bertha-von-Suttner-Str. 7 | |
| 34131 Kassel | |
| Germany | |
| Phone: | +49 561 9301 0 |
| Fax: | +49 561 9301 2425 |
| E-mail: | investor-relations@k-plus-s.com |
| Internet: | www.k-plus-s.com |
| ISIN: | DE000KSAG888 |
| WKN: | KSAG88 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 994497 |
| End of Announcement | DGAP News Service |
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994497 11-March-2020 CET/CEST
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