PLASTIC OMNIUM (EPA:POM) - Proposed sale of the Environment business
Transparency directive : regulatory news
19/07/2018 18:30
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Levallois, July 19, 2018
Proposed sale of the Environment business
On July 19, 2018, Compagnie Plastic Omnium signed a put option with the
consortium made up of Latour Capital and Bpifrance (Banque publique
d'investissement) for the sale of its subsidiary Plastic Omnium Environment BV.
The closing of this operation is expected by the end of 2018.
The Environment business - which is Compagnie Plastic Omnium's founding
business - is the European leader in the containerization of waste. Standalone,
profitable and cash- generating, with 6 plants in France, Germany and Spain, an
R&D center, a customer service center recently inaugurated at Saint Priest
(France), and with the large network of agencies and service desks serving
8,000 customers, this business generates an annual revenue exceeding EUR330
million, thanks to a broad range of products and services dedicated to waste
management (wheeled bins for household waste, collection banks, composters,
underground and semi-underground containers; maintenance, washing, surveys and
implementation, data management, incentive-based invoicing systems, etc.).
Plastic Omnium Environment employs 1,800 people operating across 12
countries.
Plastic Omnium is committed to choose a buyer who understands the businesses of
its Environment activity, who has developed an ambitious industrial project
both for France and internationally and who is in line with its culture of
excellence.
This disposal project will be subject to the procedures involving employee
representatives in the countries concerned and must be submitted to the
relevant competition authorities.
This project reflects Plastic Omnium's decision to concentrate all of its human
and financial resources on its automotive business. As the world leader in
intelligent exterior systems and modules, as well as clean energy systems for
motor vehicles, the Group is implementing a strategy of innovation and
profitable growth through sustainable mobility.
Financial information Tel. : +33 (0)1 40 87 66 78
Fax : +33 (0)1 40 87 96 62 investor.relations@plasticomnium.com
Plastic Omnium is the world leader in intelligent exterior systems, clean
energy systems, and automotive modules. The Group has 31,000 employees across
122 plants, 24 R&D centers and 26 countries worldwide, serving 82 automotive
brands. Plastic Omnium is listed on Euronext Paris, compartment A. It is
eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120
and CAC Mid 60 indices (ISIN code: FR0000124570).