EQS-Adhoc: NORMA Group SE: NORMA Group SE decides to initiate divestment of global Water Management activities

28.11.24 18:42 Uhr

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EQS-Ad-hoc: NORMA Group SE / Key word(s): Strategic Company Decision
NORMA Group SE: NORMA Group SE decides to initiate divestment of global Water Management activities

28-Nov-2024 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Maintal, November 28, 2024 The Management Board of NORMA Group SE decided today to initiate a divestment process for the global business activities of the strategic business unit Water Management.

This step followed an analysis and consideration of alternative options by the NORMA Group SE Management Board with regard to the further strategic alignment of the Group.

The aim of this strategic step is to concentrate business activities on the synergetic core industrial business. The divestment of the global Water Management activities is intended to release resources and capacities in order to expand the market position in the strategic business unit Industry Applications as well as to strengthen the Mobility & New Energy business unit.

The outcome and result of the divestment process to be initiated is currently open and may be influenced by external factors.

Contact:
Sebastian Lehmann
Vice President Investor Relations & CSR
E-mail: Sebastian.Lehmann@normagroup.com
Phone: +49 (0)6181 – 6102 741


End of Inside Information

28-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: ir@normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2040769

 
End of Announcement EQS News Service

2040769  28-Nov-2024 CET/CEST

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