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| | Fourth business unit for ALTANA Chemie |
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date: Aug 6th 2005 15:16
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Change in Group structure announced
The purchase of the highly profitable specialty chemicals provider represents the largest acquisition in the ALTANA Group’s history to date. „With its given global presence in attractive specialty markets, our Chemicals division is now positioned in such a way that it will make sense to separate it as an independent and listed company”, said Dr. Nikolaus Schweickart, President and CEO of ALTANA AG. “After ECKART’s integration into ALTANA Chemie, we will therefore establish the ALTANA Chemie AG as an independently operating and separately listed company in the course of 2006. We will offer our shareholders an attractive package“, continued Dr. Schweickart. He announced that details on the further line of action would be given in due course.
ALTANA Pharma is also intended to operate independently and as a separately listed company in the future. A further strengthening of the Pharmaceuticals division will be achieved through its development of new innovative products, but also by means of acquisitions, co-operations and alliances. “For that end, an amount of more than €1 billion is available to the company, partly through the mobilization of non-core business segments”, said Dr. Schweickart.
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