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EYBL International looking at potentials & opportunities for collaboration
13 Dec '08
2 min read
EYBL International AG has confirmed it has been conducting talks about cooperation, collaboration and a possible takeover with companies in its sector.
In particular, talks have been held with the firm of Prevent aiming at sounding out potentials and opportunities for collaboration in a tough market environment.
The objective is an expeditious process of exchanging views in regard to opportunities and risks as well as the structure of possible cooperation, taking potential synergies between the companies into account.
Eybl International has already contacted the Corporate Take-over Commission to ascertain whether there are corporate restructuring privileges available under sec 15, par 1, numeral 2 of the Corporate Takeover Act. If the prerequisites are there the new majority shareholder would be exempted from the statutory obligation to make an offer to the free float constituency of its shareholders, something that could facilitate cor-porate restructuring.
Eybl International, specialising in textile production, fabrication and components for automotive interiors operates internationally at eight production sites in Austria, Hungary, Romania, Germany and Slovakia as well as at four distribution sites in Germany, France, Spain and Britain alongside of its corporate headquarters in Krems in Upper Austria and is recognised as a competent, reliable and innovative partner to the automotive sector.
In particular, talks have been held with the firm of Prevent aiming at sounding out potentials and opportunities for collaboration in a tough market environment.
The objective is an expeditious process of exchanging views in regard to opportunities and risks as well as the structure of possible cooperation, taking potential synergies between the companies into account.
Eybl International has already contacted the Corporate Take-over Commission to ascertain whether there are corporate restructuring privileges available under sec 15, par 1, numeral 2 of the Corporate Takeover Act. If the prerequisites are there the new majority shareholder would be exempted from the statutory obligation to make an offer to the free float constituency of its shareholders, something that could facilitate cor-porate restructuring.
Eybl International, specialising in textile production, fabrication and components for automotive interiors operates internationally at eight production sites in Austria, Hungary, Romania, Germany and Slovakia as well as at four distribution sites in Germany, France, Spain and Britain alongside of its corporate headquarters in Krems in Upper Austria and is recognised as a competent, reliable and innovative partner to the automotive sector.
EYBL International AG
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