Hawesko Holding AG acquires Austrian market leader WEIN & CO

Hawesko Holding AG / Key word(s): Takeover
Hawesko Holding AG acquires Austrian market leader WEIN & CO

27-Jul-2018 / 14:04 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.

Hawesko Holding AG acquires Austrian market leader WEIN & COHamburg, 27 July 2018. Hawesko Holding AG (HAW, HAWG.DE, DE0006042708) signed an agreement today to acquire 100% of WEIN & CO Handelsgesellschaft m.b.H., Vösendorf/Austria. With this step the Hawesko Group will extend beyond its existing wholesale activities in Austria, running successfully for 20 years under the Wein Wolf brand, with a company in the end-customer segment.

WEIN & CO is a leading supplier of high-quality wines and champagnes in Austria and achieved EUR 43 million in sales in fiscal year 2016/17. The company thus fits ideally in the premium brand community of the Hawesko Group and will remain an independent brand.

The initial consolidation of WEIN & CO is expected to take place at 1 October 2018. The Hawesko management board reckons with non-recurring integration costs in the amount of a mid-range, single-digit million-euro figure, which has not yet been included in the planning for 2018.

The transaction is subject to the approval by the relevant regulatory authorities as well as to other customary terms of conclusion. The conclusion of the transaction is expected at the beginning of the fourth quarter of 2018.

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Hawesko Holding AG
Große Elbstraße 145d
22767 Hamburg, Germany

Presse- und Investor-Relations-Kontakt:
Thomas Hutchinson
Tel. (+49 40) 30 39 21 00
Fax (+49 40) 30 39 21 05
E-Mail: ir@hawesko-holding.com

27-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Quelle: EQS