Monthly Archives: March 2010

DGAP-News: Brenntag AG: Brenntag placed shares at an issue price of 50.00 euros

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The content of the The issuer / publisher is solely responsible.
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* Issue volume at 747.5 million including over-allotment Euro
* Brenntag flow from the capital, before deduction of Transaction costs 525,0 million euros
* Strong demand from institutional investors from Germany and Foreign countries
* Offer at the Issue Price oversubscribed
Brenntag, the global leader in chemical distribution, Today, together with the previous indirect Majority owners, advised by BC Partners Funds, and the joint German Bookrunnners Bank, Goldman Sachs International, Merrill Lynch, BofA and JP The Morgan Issue price for the part of the IPO shares offered to 50.00 euros per share. In total, including Over-allotments in connection with the over-allotment option is 14.95 million shares placed. The demand particularly from institutional investors exceeded while the offer several times. The first trading in the regulated Market (Prime Standard) on the Frankfurt Stock Exchange Monday, the 29th March 2010.
The offer included a total of 14.95 million shares, including 10.5 million shares from a capital increase and 2.5 Million shares from the holdings of the selling shareholder and 1.95 Million shares for over-allotments in connection with the Underwriters by selling shareholder granted Over-allotment option. All shares were successful with institutional Investors at home and abroad as well as private investors in Germany and Luxembourg be placed. This is the issue size (including Over-allotments), total 747.5 million euros. Of these, the companies from the Capital gross, ie before deduction of transaction costs, 525.0 Million flow. We are very pleased with the strong Demand for our shares and now eagerly look to the first trading contrary. The IPO is in our view, the logical step in the development of Brenntag. Our course for the future remains remain clearly focused on profitable growth, both organically through acquisitions, ‘said Stephen Clark, CEO of Brenntag. The World leader in chemical distribution, the funds from the Capital increase to boost the capital base to use that as a basis for further growth particularly in fast-growing markets and to strengthen the leading market position is. Our solid financial foundation with high liquidity is the basis for our profitable growth strategy, we continue in the future like. As a listed company, we strive now Inclusion in the MDAX on, "adds Steiner Jürgen book, CFO Brenntag, added. The free float will be in future full exercise of the over-allotment option to just under 30 per cent amount. Both have the company and the immediate pre-existing shareholder for the period of six months after listing for Compliance with agreements and market protection Disposal restrictions (lock-up required). Regarding the private investor each according to one of the following underwriters votes Order Allocation key operated: Each drawing is completely up to 50 shares served. Drawings for more than 50 shares will receive 50 shares plus 40 percent of the exceeding demand. The ‘Principles for the allocation of shares to retail investors” were observed, and the allocation in the offering to retail investors is based on uniform criteria for all syndicate banks and their affiliated institutions take place. Shares of Brenntag Aktiengesellschaft as of Monday, 29 March 2010, under the BNR trading symbol, the International Securities Identification Number (ISIN) DE000A1DAHH0 or the Securities Code (WKN) A1DAHH be traded.
About Brenntag Brenntag is the global leader in the Chemical distribution (based on current market data). As the link between Chemical producers and processing industries worldwide Brenntag supplies Distribution solutions for industrial and specialty chemicals. With over 10,000 different products and a broad supplier base provides Brenntag its more than 150,000 customers one-stop solutions. This include value-added services such as just-in-time delivery, mixing &
Formulations, repackaging, inventory management, settlement Return of the packages and technical service. From its headquarters in Mülheim an der Ruhr from Brenntag operates a worldwide network of more than 400 distribution centers in over 60 countries. In the Fiscal year 2009, the company has approximately 11,000 employees and sales in EUR 6.4 billion (USD 8.9 billion) was generated.
Press Contact: Hubertus Spethmann Brenntag AG Corporate Communications Stinnes-Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (208) 7828-7701 Fax: +49 (208) 7828-7220 E-mail: hubertus.spethmann @ brenntag.de http://www.brenntag.com Investor Contact: Georg Müller, Stefanie Steiner Brenntag Stinnes AG Investor Relations-Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (208) 7828-7653 Fax: +49 (208) 7828-7755 E-mail: IR@brenntag.de http://www.brenntag.com
Disclaimer: This announcement is not an offer to sell Securities in the United States of America, Australia, Canada, Japan or other jurisdictions in which an offer legal Subject to restrictions. The securities mentioned in this document sale in the United States of America only with prior Registration under the provisions of the U.S. Securities Act of 1933, as amended, or without prior registration only pursuant to a exemption be sold or offered for sale. Subject to certain exceptions referred to in this document may Securities in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese people, not sold or Sales are offered. There is no registration of this Notice of such securities in accordance with their statutory provisions in Australia, Canada and Japan. In the United States of America will be no public offer of Securities. Prospective investors should make their investment decision regarding the securities mentioned in this release solely on the basis of information from one of the Brenntag AG (the ‘Company’) in connection with the offering of such securities and published by the Federal Finanzdienstleistungsaufsicht (BaFin), 15 March 2010 approved Securities . Take The prospectus is available at Brenntag AG (Stinnes-Platz 1, 45472 Mülheim an der Ruhr, Germany) or under www.brenntag.com available free of charge. This release contains forward-looking statements based on current, in good faith made estimates and assumptions of the management of Brenntag AG based. Forward-looking statements involve known and unknown risks, uncertainties and other factors that lead to can ensure that the financial condition, profitability, value or the result of Brenntag Brenntag AG or the Group substantially from those earnings, profitability, performance or performance results that such forward-looking statements be accepted, explicitly or implicitly or described. Considering these risks, uncertainties and other factors should Recipient of this communication is not inappropriate to this forward-looking statements. Brenntag AG is not Obligation to update such forward-looking statements and to adapt to future events and developments.
27.03.2010 19:30 Ad-hoc reports, financial news and Press releases transmitted by DGAP. Media Library under http://www.dgap-medientreff.de and http://www.dgap.de
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Language: German Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Germany Phone: +49 (0) 208 7828 – 0 Fax: +49 (0) 208 7828-698 E-mail: info@brenntag.de Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Exchanges: Regulated Market in Frankfurt (Prime Standard)
Listing provided.
End of News DGAP News-Service

Switzerland intends to apply for assistance agreement with U.S. in the UBS case – AWP

BERN (Dow Jones) – The Federal Council in Switzerland on Wednesday Application of assistance agreement with the U.S. in the dispute over the customer data Bank UBS agreed. Whether the UBS client data to the United States actually be handed to decide, but in the end, the Parliament, it said, according to AWP news agency on Wednesday. The provisional application allows not the release of customer information, only the assessment the individual cases of U.S. customers.
Switzerland had the so-called mutual assistance agreements in the past Summer signed with the United States. It should allow Switzerland not only for fraud but also for tax evasion to provide assistance. In order to apply the Agreement provisionally, can Now, the Federal Council on Wednesday a change log signed, which makes the agreement a treaty. The protocol was signed the same day in Washington.
The Federal Council intends to apply the Agreement provisionally now, so comply with its international obligations, Switzerland can. The agreement commits to Switzerland in the summer of 4450 in cases to assess whether there are offenses that a publication of the data would justify.
The Federal Council can see it necessary, said the Swiss Justice and Police (FDJP) on Wednesday, his competence to exercise. The conditions – particular urgency and the Safeguard important interests – be met. Switzerland would however, with its international obligations not meet there is a risk that the legal conflict with the USA "again escalate, with adverse consequences for the financial center of Switzerland.
The U.S. IRS, said in a reaction with the fact that the Protocol of Amendment to the U.S. demands nothing change. The Protocol in no way change the amount or type of must hand over customer data to Switzerland to the IRS, said the head of the Tax authority, Doug Shulman. "We expect the Swiss government, their Obligations under the original agreement compliance. "If Switzerland is not the requested data delivery, you ready to take further legal action was threatened with IRS commissioner in Washington.
In January, the Federal Administrative Court in Switzerland against the previous year in assistance agreements closed its veto exercised: After The Court considers that the actions of the Federal Council was not right. To provide U.S. assistance in cases of fraud to may, if he had the normal way, the existing Double taxation agreements have to change was that the Court. The Assistance agreements is not sufficient as a legal basis.
To correct this deficiency, one had to go to the assistance agreements be adjusted. Second, it should be presented to Parliament. The first Step is now complete: In on Wednesday approved Change log is that the agreement is a treaty and when in doubt the bilateral double taxation agreements is going on.
With the decision to oppose the provisional application, the Federal Council the recommendations of committees of the National and Of States. They had recommended to the Federal Council, the agreement to any Approval through Parliament not to apply.

   

DJG / AWP / kla

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(END) Dow Jones Newswires

March 31, 2010 14:41 ET (18:41 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

Moody’s Rating Outlook raised by K + S to "stable"

FRANKFURT (Dow Jones) – Moody’s Investors Service has the Rating Outlook for the priority unsecured debt ("Baa2") of K + S to "stable" of previously "negative" increased. As a basic called Moody’s Investors Service on Wednesday evening, the attractive Kalisalznachfrage 2010 and 2011 after a price stabilization at a low level as a result of contract negotiations with China.

   

Website: www.moodys.com

DJG / cbr / kla
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(END) Dow Jones Newswires

March 31, 2010 13:34 ET (17:34 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

DGAP-News: JAXX continued its growth course

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The content of the The issuer / publisher is solely responsible.
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JAXX is continuing its growth course
– Revenues from continuing operations increased by 15% to 114.5 million euros
– EBIT positive in the fourth quarter
– EBIT in 2009 at -2.8 million Euro (previous year: -7.4 million Euro)
– Negotiations on the sale of pferdewetten.de participation
Altenholz, 31 March 2010 – The gaming specialist JAXX AG (German Stock Exchange Prime Standard, ISIN DE000A0JRU67) today publishes its Annual Report 2009th Accordingly, the JAXX Group’s growth in fiscal year 2009 more continued. Despite the exit from the German lottery market and the difficult economic situation has succeeded in its consolidated revenues of continuing operations by 15 percent from 99.6 million last year increased to 114.5 million euros in 2009.
Largest share of Group sales were in Fiscal year 2009 once again the sports betting. They now make up 79 percent of Proceeds from. Compared with the previous year, the revenues from Sports Betting by 30.4 percent to 90.6 million increase. The segment Lotto & Gambling contributed 20 percent or 23.2 million of consolidated sales. The strongly growing casino and poker offers and the lottery business in Spain have the high sales decline by the exit from the German market still can not fully compensate.
Pferdewetten.de planned sale of the AG
The proportion of horse race betting on total sales in only one Percent, as the activities of the participation pferdewetten.de AG, so far the major part of the segment shaped as discontinued operations are reported separately. As part of the in the third quarter started restructuring the JAXX Group and the related focus on revenue and yield JAXX business strives to sell his 65.1 percent stake the pferdewetten.de AG. First negotiation talks with potential buyers have already begun. The economic Effects of a possible sale of the JAXX AG in the consolidated financial statements under IFRS 5 separately as discontinued Operations ("Discontinued Operations") is shown.
Breakeven in the fourth quarter
In the fourth quarter of 2009, revenues from JAXX discontinued operations in the amount of 37.3 million. Earnings, JAXX succeeded in pleasing the surgically-fatal quarter, again return to profitability. However, EBIT reached (Earnings before interest and taxes) from continuing Businesses in the amount of 209 thousand euros is not sufficient to the accumulated losses of the first nine months of fiscal year to complete . Compensate
The full-year EBIT from continuing Businesses still strong due to the improved first and fourth Quarter of the previous year to TEUR -7360 -2751 thousand euros in 2009.
Profit after tax from continuing Operations in fiscal year 2009 -3634 in thousand euros (previous year: -13,907 Thousand euros). The profit share from discontinued Operations amounted to -3846 million euros (previous year: TEUR -3015).
In total, for 2009 a net loss of EUR of 7480 million euros. Last year, the loss was due to increased Write-offs associated with gambling regulation in the desolate Germany to 16,922 thousand euros. Earnings per share were -0.46 euros in 2009 (Previous year: EUR -1.08). Of which accounted for € -0.22 to continuing Operations (previous year: € -0.89).
Liquidity improved in the second half
Despite an encouraging development in the fourth quarter limit the negative net income in 2009 the range of the JAXX AG Next one. The cash is from 12.9 million to 9.6 million decreased. Compared to the mid-year was the liquidity however, be increased by 0.5 million. The equity ratio has primarily due to a lower balance sheet total of 41.8 Percent to 42.1 percent slightly improved.
Seven-digit savings from restructuring
In the context of the restructuring program initiated Changes in the business organization shall make maximum by the middle of 2010 be implemented. The new Stuktur to the increased international focus of the JAXX-group meet, by now, on the one Country-side sales units and on the other side product-specific channels provided.
Through the increased use of synergies and pooling organization of parts to the year as costs in seven-digit level can be saved. First effects of the Restructuring program have been through in the second half of 2009 Personnel actions, a limitation of the budget, and an improved risk management obtained for the betting. Significant effects are only expected in 2010.
Successful start to new year
The start of new fiscal year 2010 runs promising and seems to build upon the success of the fourth quarter. The further course of the year will be significantly influenced by the Football World Cup in South Africa, the introduction of the live bet, the increasing popularization of the pan-European Euro Millions lottery and the Spanish Christmas lottery, as well as the planned Sale of the pferdewetten.de AG.
At the international level, the group is preparing for the JAXX- Entry into new markets before. As target markets for 2010 JAXX Italy and France initially defined. After completion of the Licensing stages with a limited advertising budget to market entry be pursued.
Overall, the Board anticipates a continuation of the Growth rate. For fiscal year 2010, he assumes a Return to the profit zone. 2011 then the profitability is expected to continue be strengthened. In the medium term an EBIT margin of at least ten are percent, based on gross margin achieved.
Key figures
<pre>
2009 2008 Change
TEUR TEUR%
Net sales 114,544 99,633 +15.0
Sportsbook 90,626 69,479 +30.4
Lotto & Gambling 23,174 28,451 -18.5
Horse betting 743 1703 -56.4 -15.2 EBITDA EBIT 4790 5648 -2751 -7360 -3634 -13,907 Profit after tax result placed -3846 -3015 -7480 -16,922 Net income business results per share (EUR) -0.46 -1.08
31.12.2009 31.12.2008 Cash and cash equivalents equity 12,861 9562 17,093 20,315 Shareholders’ equity ratio 42.1% 41.8%
</ Pre>
The Annual Report 2009 is now on the web www.deutsche-boerse.com www.jaxx.ag made available for download.
About JAXX:
The JAXX AG is a holding company established in Altenholz at Kiel, which participates in companies in the gaming industry. Whether Sports betting, casino, poker, bingo or lotteries – the company JAXX group convey through online services such as www.jaxx.com. www.myBet.com or www.serviapuestas.es’s favorite state licensed gambling. Reliability, customer orientation and Transaction security are all offered in the first place. Subsidiaries are located in Germany, England, Spain, Austria and Malta. Overall, the Group employs about 160 JAXX Employees, including about 20 in the holding company. The shares of JAXX AG since 1999 the German Stock Exchange under ISIN DE000A0JRU67 traded.
Contact: JAXX AG Investor Relations & Corporate Communications Stefan Zenker Tel +49 (40) 85 37 88 47 Fax +49 (431) 88 10 44 0 Mail stefan.zenker @ jaxx.com
31.03.2010 19:29 Ad-hoc reports, financial news and Press releases transmitted by DGAP. Media Library under http://www.dgap-medientreff.de and http://www.dgap.de
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Language: German Company: JAXX AG
East Prussia # 10
24161 Altenholz
Germany Phone: +49 (0) 431 88 104-0 Fax: +49 (0) 431 88 104-40 E-mail: ir@jaxx.com Internet: www.jaxx.com ISIN: WKN DE000A0JRU67: A0JRU6 Exchanges: Regulated Market in Frankfurt (Prime Standard); free trade
in Berlin, Dusseldorf, Munich, Hamburg, Stuttgart
End of News DGAP News-Service

DGAP-News: Brenntag AG: Brenntag placed shares at an issue price of 50.00 euros

Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The content of the The issuer / publisher is solely responsible.
—————————————————————————
* Issue volume at 747.5 million including over-allotment Euro
* Brenntag flow from the capital, before deduction of Transaction costs 525,0 million euros
* Strong demand from institutional investors from Germany and Foreign countries
* Offer at the Issue Price oversubscribed
Brenntag, the global leader in chemical distribution, Today, together with the previous indirect Majority owners, advised by BC Partners Funds, and the joint German Bookrunnners Bank, Goldman Sachs International, Merrill Lynch, BofA and JP The Morgan Issue price for the part of the IPO shares offered to 50.00 euros per share. In total, including Over-allotments in connection with the over-allotment option is 14.95 million shares placed. The demand particularly from institutional investors exceeded while the offer several times. The first trading in the regulated Market (Prime Standard) on the Frankfurt Stock Exchange Monday, the 29th March 2010.
The offer included a total of 14.95 million shares, including 10.5 million shares from a capital increase and 2.5 Million shares from the holdings of the selling shareholder and 1.95 Million shares for over-allotments in connection with the Underwriters by selling shareholder granted Over-allotment option. All shares were successful with institutional Investors at home and abroad as well as private investors in Germany and Luxembourg be placed. This is the issue size (including Over-allotments), total 747.5 million euros. Of these, the companies from the Capital gross, ie before deduction of transaction costs, 525.0 Million flow. We are very pleased with the strong Demand for our shares and now eagerly look to the first trading contrary. The IPO is in our view, the logical step in the development of Brenntag. Our course for the future remains remain clearly focused on profitable growth, both organically through acquisitions, ‘said Stephen Clark, CEO of Brenntag. The World leader in chemical distribution, the funds from the Capital increase to boost the capital base to use that as a basis for further growth particularly in fast-growing markets and to strengthen the leading market position is. Our solid financial foundation with high liquidity is the basis for our profitable growth strategy, we continue in the future want. As a listed company, we strive now Inclusion in the MDAX on, "adds Steiner Jürgen book, CFO Brenntag, added. The free float will be in future full exercise of the over-allotment option to just under 30 per cent amount. Both have the company and the immediate pre-existing shareholder for the period of six months after listing for Compliance with agreements and market protection Disposal restrictions (lock-up required). Regarding the private investor each according to one of the following underwriters votes Order Allocation key operated: Each drawing is completely up to 50 shares served. Drawings for more than 50 shares will receive 50 shares plus 40 percent of the exceeding demand. The ‘Principles for the allocation of shares to retail investors” were observed, and the allocation in the offering to retail investors is based on uniform criteria for all syndicate banks and their affiliated institutions take place. Shares of Brenntag Aktiengesellschaft as of Monday, 29 March 2010, under the BNR trading symbol, the International Securities Identification Number (ISIN) DE000A1DAHH0 or the Securities Code (WKN) A1DAHH be traded.
About Brenntag Brenntag is the global leader in the Chemical distribution (based on current market data). As the link between Chemical producers and processing industries worldwide Brenntag supplies Distribution solutions for industrial and specialty chemicals. With over 10,000 different products and a broad supplier base provides Brenntag its more than 150,000 customers one-stop solutions. This include value-added services such as just-in-time delivery, mixing &
Formulations, repackaging, inventory management, settlement Return of the packages and technical service. From its headquarters in Mülheim an der Ruhr from Brenntag operates a worldwide network of more than 400 distribution centers in over 60 countries. In the Fiscal year 2009, the company has approximately 11,000 employees and sales in EUR 6.4 billion (USD 8.9 billion) was generated.
Press Contact: Hubertus Spethmann Brenntag AG Corporate Communications Stinnes-Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (208) 7828-7701 Fax: +49 (208) 7828-7220 E-mail: hubertus.spethmann @ brenntag.de http://www.brenntag.com Investor Contact: Georg Müller, Stefanie Steiner Brenntag Stinnes AG Investor Relations-Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (208) 7828-7653 Fax: +49 (208) 7828-7755 E-mail: IR@brenntag.de http://www.brenntag.com
Disclaimer: This announcement is not an offer to sell Securities in the United States of America, Australia, Canada, Japan or other jurisdictions in which an offer legal Subject to restrictions. The securities mentioned in this document sale in the United States of America only with prior Registration under the provisions of the U.S. Securities Act of 1933, as amended, or without prior registration only pursuant to a exemption be sold or offered for sale. Subject to certain exceptions referred to in this document may Securities in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese people, not sold or Sales are offered. There is no registration of this Notice of such securities in accordance with their statutory provisions in Australia, Canada and Japan. In the United States of America will be no public offer of Securities. Prospective investors should make their investment decision regarding the securities mentioned in this release solely on the basis of information from one of the Brenntag AG (the ‘Company’) in connection with the offering of such securities and published by the Federal Finanzdienstleistungsaufsicht (BaFin), 15 March 2010 approved Securities . Take The prospectus is available at Brenntag AG (Stinnes-Platz 1, 45472 Mülheim an der Ruhr, Germany) or under www.brenntag.com available free of charge. This release contains forward-looking statements based on current, in good faith made estimates and assumptions of the management of Brenntag AG based. Forward-looking statements involve known and unknown risks, uncertainties and other factors that lead to can ensure that the financial condition, profitability, value or the result of Brenntag Brenntag AG or the Group substantially from those earnings, profitability, performance or performance results that such forward-looking statements be accepted, explicitly or implicitly or described. Considering these risks, uncertainties and other factors should Recipient of this communication is not inappropriate to this forward-looking statements. Brenntag AG is not Obligation to update such forward-looking statements and to adapt to future events and developments.
27.03.2010 19:30 Ad-hoc reports, financial news and Press releases transmitted by DGAP. Media Library under http://www.dgap-medientreff.de and http://www.dgap.de