February 26, 2020 / 5:22 PM / a month ago

BRIEF-Hochdorf Holding Says Selling Majority Shareholding Of 60% In Uckermärker Milch GmbH To Ostmilch Handels GmbH

Feb 26 (Reuters) - Hochdorf Holding AG:

* HOCHDORF HOLDING- SELLING MAJORITY SHAREHOLDING OF 60% IN UCKERMÄRKER MILCH GMBH TO OSTMILCH HANDELS GMBH, WHICH PREVIOUSLY HELD 40% OF SHARES

* SALE IS MOTI-VATED BY COMPANY’S STRATEGIC FOCUS ON ITS BABY CARE AND DAIRY INGREDIENTS DIVISIONS, WITH SWISS PRODUCTION SITES

* SALE WILL BE COMPLETED WITH CLOSING DATE ON FRIDAY 28.02.2020

* CONTRACT SIGNED TODAY MAKES OSTMILCH HANDELS GMBH SOLE OWNER OF UCKERMÄRKER MILCH GMBH

* WITH SALE OF MILK PLANT, HOCHDORF GROUP’S DAIRY INGREDIENTS DIVISION IS FOCUSSING ON PRODUCTION IN SWITZERLAND Source text for Eikon: Further company coverage:

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