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Gamma expects positive trend to continue in 2011
27 Apr '11
4 min read
The turnover of Dimension-Polyant was € 11 million (2010: € 10 million). EBITDA excluding restructuring expenses amounted to € 1.7 million (2010: € 1.6 million). The business unit is still suffering from the after-effects of the recession. The replacement market remained stable.
At Bekaert Textiles turnover amounted to € 41 million (2010: € 37 million). EBITDA excluding restructuring expenses came to € 5.9 million (2010: € 7.0 million). The business unit profited from good economic conditions in the North and South American markets in the first three months of the year.
Termination of stock market listing
Gamma Holding will be delisted on Friday 29 April 2011. Accordingly, the final day on which the ordinary shares and the ordinary participating preference shares can be regularly traded on NYSE Euronext Amsterdam will be Thursday 28 April 2011.
Go Acquisition, which now owns 96.9% of the shares in Gamma Holding, intends to initiate squeeze-out proceedings to acquire all the remaining ordinary shares and ordinary participating preference shares that have not already been tendered as soon as possible.
Outlook
Barring unforeseen circumstances, Gamma Holding expects the positive trend to continue in 2011, although the continuing uncertainty regarding the economic climate and rising energy and raw material prices have to be taken into account.
At Bekaert Textiles turnover amounted to € 41 million (2010: € 37 million). EBITDA excluding restructuring expenses came to € 5.9 million (2010: € 7.0 million). The business unit profited from good economic conditions in the North and South American markets in the first three months of the year.
Termination of stock market listing
Gamma Holding will be delisted on Friday 29 April 2011. Accordingly, the final day on which the ordinary shares and the ordinary participating preference shares can be regularly traded on NYSE Euronext Amsterdam will be Thursday 28 April 2011.
Go Acquisition, which now owns 96.9% of the shares in Gamma Holding, intends to initiate squeeze-out proceedings to acquire all the remaining ordinary shares and ordinary participating preference shares that have not already been tendered as soon as possible.
Outlook
Barring unforeseen circumstances, Gamma Holding expects the positive trend to continue in 2011, although the continuing uncertainty regarding the economic climate and rising energy and raw material prices have to be taken into account.
Gamma Holding N.V.
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