| Tue 4 Jul 2017, 7:05 | | METAIR INVESTMENTS LIMITED - Voluntary announcement: Acquisition by Metair of an interest in Akkumulatorenfabrik Moll GmbH & Co. KG |
|
MTA 201707040001A
Voluntary announcement: Acquisition by Metair of an interest in Akkumulatorenfabrik Moll GmbH & Co. KG
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/031013/06
JSE share code: MTA
ISIN: ZAE000090692
(“Metair”)
VOLUNTARY ANNOUNCEMENT: ACQUISITION BY METAIR OF AN INTEREST IN AKKUMULATORENFABRIK MOLL GMBH & CO. KG
Introduction
Shareholders are advised that Metair, through its wholly owned subsidiaries, has concluded an
acquisition of a 25.10% shareholding in Akkumulatorenfabrik Moll GmbH & Co. KG (“Moll”) in Bad
Staffelstein, Germany (“Acquisition”) for a total cash consideration of €7.425 million (“Purchase
Consideration”).
Following the Acquisition, the equity shareholding of Moll comprises the following:
• Moll-Mohrstedt Family: 39.66%
• Leadnew Limited, a subsidiary of Chaowei Power Holdings Limited (“Chaowei”), Hong Kong:
34.46%
• Metair Investments Limited (held through its wholly owned subsidiaries): 25.10%
• Moll Beteiligungs GmbH: 0.78%
Background information and rationale
Moll
The Moll group is a renowned German battery supplier to the automotive industry. Moll manufactures
exclusively at its site in Bad Staffelstein, Germany, and supplies European car manufacturers such as
Audi, Daimler, Porsche, Skoda, SEAT, Lamborghini, Liebherr and Volkswagen.
Chaowei
Chaowei is a Chinese company listed on the Hong Kong Stock Exchange. Chaowei is the largest
producer of lead-acid e-bike batteries in China, with annual production capacity in excess of 140 million
batteries.
The investment in Moll, with Chaowei as a partner, gives Metair access to the important Chinese market
through Moll’s interest of a 5% shareholding in Chaowei’s Greenfields automotive production facilities
in China that is in the process of being finalised.
Categorisation
The Purchase Consideration falls below the threshold for categorisation in terms of the JSE Limited
Listings Requirements. Accordingly, this announcement is provided to shareholders for information
purposes only.
4 July 2017
Johannesburg
Sponsor
One Capital
Date: 04/07/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
