Ad hoc announcement pursuant to Article 53 of the Listing Rules of SIX Exchange Regulation
SIKA CLOSES THE TRANSACTION CONCERNING THE DISPOSAL OF ITS EUROPEAN INDUSTRIAL COATINGS ACTIVITIES
Sika has finalized the transaction related to the sale of the European industrial coatings business. The deal was announced on August 19, 2021. The associated sale proceeds amount to €200 million. The transaction will have a one-time positive impact on Sika’s profitability in the first half of 2022. The final effect on the financial statements will be presented in the half-year report to be published on July 22, 2022.
COMPANY PROFILE SIKA AG
Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, strengthening and protection in the building and construction sector. ‘automobile industry. Sika has subsidiaries in 101 countries around the world and manufactures in more than 300 factories. Its more than 27,000 employees generated an annual turnover of 9.3 billion francs in 2021.
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