Trelleborg’s divestment of Vibracoustic shares finalised

6th July 2016 | 0 Comments
 

Following the necessary approval from relevant authorities, Trelleborg has divested all its shares in the Vibracoustic joint venture to former partner Freudenberg. As of 5 July the Swedish company has received a payment of approximately SEK 6.2 billion (£556.4 million) for the shares, and the remaining 10 per cent of the purchase price is subject to Vibracoustic’s forecast sales performance this year and in 2017. Accordingly, Trelleborg reports that the final consideration “may be somewhat higher or lower than SEK 6.8 billion (£610.7 million).” In addition to the purchase price, Trelleborg received a dividend of approximately SEK 1.4 billion in December 2015.

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