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Friday, 05 June 2020
Markets & companies, Coatings market

Ring International Holding aquires majority stake in Helios Domžale d.d.

Thursday, 17 October 2013

Austrian company Ring International Holding now holds 73.12 % in Slovenian coatings producer Helios.

Helios is a leading manufacturer of coatings in South Eastern Europe. Headquartered in Slovenia (Domžale near Ljubljana), Helios employs approximately 2,200 employees and runs ten production plants located in Slovenia, Croatia, Russia, Serbia and Ukraine. The Company’s product portfolio covers the full spectrum of coating products including decorative coatings, car refinishing coatings, coatings for metal industry, coatings for wood industry, powder coatings, coatings for horizontal road signalisation (road marking paints) and synthetic resins. Source: Ring International Holding
Helios is a leading manufacturer of coatings in South Eastern Europe. Headquartered in Slovenia (Domžale near Ljubljana), Helios employs approximat...

A group of shareholders of Helios Domžale d.d. (Helios) and pledgees in Helios’ shares and Ring International Holding (RIH) have agreed on the terms and conditions of a share purchase agreement  pursuant to which RIH is to acquire 73.12% of the shares in Helios. Completion of the share transfer is still subject to certain conditions customary for this type of transaction, including merger control clearance. Once the share transfer contemplated by the share purchase agreement is completed, RIH will – in accordance with applicable Slovenian law – publish the takeover intention and subsequently a mandatory takeover offer to the remaining minority shareholders of Helios.

Following a two-stage competitive selection process which attracted interest from a wide range of investors, RIH has been selected by the Sellers as the winning bidder for the shares in Helios, at aprice of EUR 520 per share, valuing Helios at more than EUR 250 million. When selecting RIH, the Sellers have taken into account both the terms and conditions offered by RIH as well as RIH's vision for Helios's future development.

Mr. Gerald Martens, CEO of RIH, is enthusiastic about the upcoming challenges: "We are glad to have reached an agreement regarding the acquisition of a considerable stake in Helios. RIH as a strategic partner will integrate its coating division into Helios group and thereby accelerate future expansion of the combined group. It is RIH’s dedicated strategy to make Helios one of the leading pan-European coating players offering a comprehensive product range RIH will add significant value to all Slovenian stakeholders of Helios. We are extremely proud that RIH has been selected the company to be trusted with the first major piece out of the package of 15 partially state-owned companies that the Slovene government led by Mrs. Bratusek has announced to privatize.”

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