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| Sulzer Infra takeover by the Groupe Fabricom finalized (10/08/2001, Media Release) |
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With contract closure following the approval of the European Commission between the Groupe Fabricom of Belgium and Sulzer Ltd, the divestiture of Sulzer Infra announced in April 2001 has now been finalized. This divestiture is part of Sulzer’s focussing strategy.
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| Sulzer sells Sulzer Textil to Promatech (27/07/2001, Media Release) |
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Promatech S.p.A. (Colzate, Italy), a member of the Itema Group, has agreed with Sulzer Ltd to acquire Sulzer Textil, subject to approval by the regulatory authorities. The worldwide Sulzer Textil business will be transferred to Promatech. All employment contracts will be taken over in their present form. Together, the two groups will be the market leader in the worldwide weaving machinery business.
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| Sulzer Order Intake in Core Divisions 39% Higher (19/07/2001, Media Release) |
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Order intake by the Sulzer Corporation for the first half year 2001 of CHF 2193 million matched prior year level (CHF 2199 million). The core divisions performed very strongly with a growth of 39% from CHF 731 to CHF 1013 million. Orders received in discontinuing operations declined by 21% from CHF 1415 to CHF 1120 million.
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| Spin-off of Sulzer’s 74% shareholding in Sulzer Medica to be completed today (July 10, 2001) (10/07/2001, Media Release) |
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“This is a historic day for both Sulzer and Sulzer Medica,” said Leonardo Vannotti, Chairman of the Board of Directors of Sulzer AG. “A long shared history of Sulzer and Sulzer Medica comes to an end in order to allow a new beginning for both groups.”
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| Capital reduction of Sulzer entered into the commercial registry (06/07/2001, Media Release) |
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On 5 July 2001 the capital reduction of Sulzer was entered into the commercial registry. The capital reduction is an important last step for the completion of the spin-off of practically all of Sulzer’s 74% shareholding in Sulzer Medica. It was approved at Sulzer’s Annual General Meeting on 19 April 2001 and required a two-month statutory notice period before it could be completed. Following the entry of the capital reduction into the commercial registry, the spin-off shall be finalized as planned and become effective on 10 July 2001.
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| Sulzer shareholders receive important information on the spin-off of Sulzer Medica (25/06/2001, Media Release) |
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Today Sulzer has sent a brochure to its shareholders detailing important information regarding the spin-off of practically all of its 74% shareholding in Sulzer Medica. The spin-off is intended to be completed on July 10, 2001, marking one of the most significant events in the histories of Sulzer and Sulzer Medica.
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| Intended timetable for the voluntary repurchase offer for Sulzer’s Convertible Bond (20/06/2001, Media Release) |
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On June 1, 2001 Sulzer announced its plans to make a voluntary repurchase offer for the 1% convertible bond 2000/2005, subject to the completion of the spin-off and subject to Swiss regulatory approval.
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| Sulzer plans voluntary repurchase offer for its Convertible Bond (01/06/2001, Media Release) |
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On Mai 14, 2001 Sulzer Capital B.V., the issuer of the 1% 2000 2005 CHF 219,000,000 onvertible bond has invited to a bondholder meeting for June 29, 2001 to vote on the revised terms and conditions of the convertible bond. The revised terms will foresee that after the spin-off, bondholders can convert into a "basket" of Sulzer AG and Sulzer Medica AG shares.
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| Spin-off to take place on 10th July (31/05/2001, Media Release) |
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The spin-off of Sulzer’s stake in Sulzer Medica, in accordance with its shareholders’ vote at the AGM on 19 April 2001, is planned to take place on 10 July 2001. Sulzer Medica announces the appointment of Dr. Stephan Rietiker as successor to André Buchel as Group CEO and three new Board members.
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| Sulzer Turbo take-over by the MAN Group finalized (21/05/2001, Media Release) |
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In December 2000 the divestiture of Sulzer Turbo AG to the MAN Group was announced within the framework of the Sulzer focusing strategy. This take-over has now been finalized by contract closure on May 21, 2001 between MAN AG, Munich/Germany, and Sulzer Ltd, Winterthur/Switzerland.
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