11/10/2008, Düsseldorf / Germany
Henkel has reached agreement on divestiture of stake in Ecolab
Henkel has today entered into agreements with Ecolab Inc., St. Paul/Minnesota, USA, intended to facilitate the divestiture of its stake in Ecolab.
Ecolab has agreed to assist in the marketing of an underwritten public offering of Henkel’s stake. The registration statement will be filed today. In addition, Ecolab has agreed to repurchase at least 300 million US dollars of stock from Henkel.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any se-curities in the United States or elsewhere. In connection with any proposed public offering of shares of its common stock in the United States, Ecolab Inc. will file a registration statement with respect thereto with the U.S. Securities and Exchange Commission. Any offering of securities in the United States will be made only by means of a prospectus.
This information contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, etc. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the mar-ketplace. Henkel neither plans nor undertakes to update any forward-looking statements.
Henkel AG & Co. KGaA
Head of Corporate Communications:
Ernst Primosch, Corporate Vice President