DGAP-Adhoc: K+S Aktiengesellschaft: K+S and REMEX combine waste management business and set up REKS joint ventureSource: EQS
With "REKS" a new, strong company is being established, combining the operations and unique infrastructure of highly advanced waste management facilities of K+S with an extensive and comprehensive sales network of REMEX.
The contribution of the K+S stakes to "REKS", which is to be consolidated at equity, will enable K+S to realize a significant book gain, while at the same time generating a cash inflow of about
The transaction will be submitted to the antitrust authorities for approval. The closing of the transaction is expected in summer 2021.
Further information on the agreement of the joint venture is available at https://www.kpluss.com.
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