on Arbonia AG (isin : CH0110240600)
Arbonia Completes Sale of Climate Division
On February 26, 2025, Arbonia finalized the sale of its Climate Division to Midea Electrics Netherlands B.V. The transaction, originally announced in April 2024, amounts to EUR 742 million. The EU Commission approved the sale without conditions. This deal marks a significant shift in Arbonia's strategic focus towards its doors business.
As part of the transition, Alexander Kaiss, the CEO of the Climate Division, steps down. Markus Hütt joins the Group Management as COO. This sale strengthens Arbonia's balance sheet, allowing further development as a leading European doors manufacturer.
The Annual General Meeting on April 25, 2025, will discuss the transaction. The Board proposes distributing a substantial part of the proceeds to shareholders and reducing nominal share value. Additionally, dividends for 2023 and 2024 are planned alongside a special dividend.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Arbonia AG news