ONE GLOBAL GROUP
Somfy operates in 59 countries and is the world leader in automatic controls for openings and closures in homes and buildings. It offers a range of motorized solutions and control points and is a key player in smart home systems.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
Completion of sale of participation in agta record
09/02/2011Completion of sale of participation in agta record
Press Release
Completion of sale
of participation in agta record
Somfy Participations announces that it has sold its 32.95% stake in the capital of agta record to Assa Abloy after fulfilling the last of the suspensive conditions.
The sale price is agreed at €109.8M. An initial payment of €101.1M has already been made by Assa Abloy in compliance with the original agreement. The balance of €8.7M will be paid within a maximum time frame of two years.
The net capital gain, after taxes and charges, is €61.6M. This will be recorded in the accounts for the first half of financial year 2011.
February 9th 2011
Company profile
Somfy is organised into two separate branches: Somfy Activities is dedicated to the Group's core business of automating openings and closures in residential and commercial buildings; Somfy Participations is dedicated to investing and participating in industrial companies outside the core business of the Group.
Contacts
Somfy: Eric Blanchard (Chief Financial Officer) - Tel: +33 450 404 849
Somfy: Jean-Michel Jaud (Director of Communications) - Tel: +33 450 967 065
Shan: François-Xavier Dupont - Tel: +33 144 505 874
Agenda
Annual results announced: February 24th 2011