Confirmation of its strategy and identity as world leader in small household appliances
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Last 21 November, Groupe SEB launched a partial public tender offer to purchase up to 49,122,948 shares of SUPOR, a leading Chinese company of the Small Domestic Equipment in which the Group already owned a 30% stake since 31 August 2007. The offer was valid for 30 calendar days and therefore expired yesterday.
As part of the revitalisation agreement signed in July 2006 with the authorities, Groupe SEB has just reached an agreement with the Ossabois Group for the re-industrialisation of its site located in Le Syndicat, in the region of Vosges (France).
Very Satisfactory Sales and Solid results
Following the commission meeting held by the CSRC (China Securities Regulatory Commission) on August 2nd 2007, Groupe SEB received the authorisation to complete the first two parts of its acquisition of holdings in SUPOR.
Paris Stock Exchange 2;30 p.m. 4 May 2007
“2006 was a positive year for Groupe SEB. First, we met our objectives of sustained organic growth in revenue and improvement in operating margin excluding acquisitions. At the same time, we pursued our acquisitions strategy with one operation completed in the United States and the signature of a major project in China, which is still...
Groupe SEB today was authorised by the Chinese Ministry of Commerce (MOFCOM) to acquire a majority interest in SUPOR, a Chinese cookware manufacturer.
French version only. English one coming soon.
Groupe SEB’s business continued to improve in the first six months of 2007, in a generally expanding small domestic equipment market. At €1,231 million, sales were up 9.8% for the period at current exchange rates.