K+S Aktiengesellschaft
2021 Annual General Meeting
Speech of Dr. Burkhard Lohr
Chairman of the Board of Executive Directors
A warm welcome
Important milestones reached
- Sale of the Americas operating unit
- Establishment of the REKS joint venture
- Restructuring of the administration
- Process optimization and operational excellence
- Increase in production at all sites
3 2021 Annual General Meeting
Sale of the Americas operating unit
Milestone for the reduction of debt
- Closing completed on April 30, 2021
- Enterprise value: USD 3.2 billion, equivalent to 13.4 times EBITDA
- Net proceeds: ~2.6 billion euros
4 | 2021 Annual General Meeting |
Champion in waste management business
REKS
- Joint venture between Remondis and K+S
- Profitable business with future prospects
- Cash inflow: about 90 million euros
- Book gain: around 200 million euros
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Disclaimer
K+S AG published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 14:57:01 UTC.