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Supor Seb Group, Seb Will Not Be Easy To Master To Interfere In Its Operations – Supor, Seb, Kitchen

When Private enterprise Home Su Xianze tears in the framework agreement signed his name, his fate and the largest

Cooking utensils The fate of both companies Supor this rewrite.
8 16, Zhejiang Supor Cookware Co., Ltd. (002 032) Notice that, to achieve equity with the French group SEB

Cooperation Framework agreement, stock transfer by agreement, private placement, and some offer three ways, the French group SEB will eventually hold 61% stake in Supor, as the actual controlling shareholder. To do this, SEB will cost 2.37 billion yuan. The Group is the world’s largest small

Home Appliances And kitchen manufacturers. A result, private enterprises Supor transforming itself into a joint venture, which started from scratch with his father’s Su Xianze Supor also by a private

Entrepreneur Into a professional manager. Give up controlling interest Supor become the first foreign-controlled A-share listed companies.

“Give up a controlling stake in Su’s family is a sacrifice.” Supor vice president Wang Fenghe 16, an interview, “but it is for the core technology and Supor future.”

Wang Fenghe said Supor brand not only will remain, will be landing in the SEB with the help of the international market. Supor products will use the SEB’s international channels and resources to promote international sales. In order to avoid competition with the industry, SEB brands Tefal, Rowenta products sales and marketing in China will be unified to the Supor

Management . In the present Supor Cookware,
Small appliances Brand is licensed to listed companies, while the right to use other types of brands belong to Supor Group.

In addition to the core technology
made, the money is another reason. Supor secretaries to directorate Ye Jide said: “Although this is not short of money Supor, but the next one to three years, Supor urgent need for expansion capacity.”

According to plan, the financing of the capital, Supor will be used for electrical production base in Shaoxing, Wuhan production base of two items and cooking utensils production base project in Vietnam.

SEB to buy the Chinese market
Different with most of the acquisition, SEB not only retained the Supor brand, also retains all the core management Supor. “In addition to sending people to the Board, SEB will not interfere with the specific operation Supor.” Vice president Wang Fenghe Supor said.

SEB’s financial advisers, Guoxin
Securities Vice President Zhang Guiqing said, “SEB plans to introduce Supor brand management experience to help enhance its brand portfolio Supor. SEB also plans to transfer core technology and production capacity into full play Supor.” Learned, SEB will be sending technology personnel to assist the work of Supor.

Prior to the acquisition of Supor
, SEB has entered the Chinese market a decade, but performance is very unsatisfactory. Zhanggui Qing view, SEB on Supor strategy that quality of listed companies

Investment Successfully enter the Chinese market, could promote the global development strategy.
Supor secretaries to directorate Ye Jide view: “SEB with the money to the Chinese market, the Asian market.”

Nearly 150 years of SEB Group is the world’s largest manufacturer of small household appliances and cooking one. In 2005, SEB Group, sales of 2.463 billion euros, is Supor 10 times sales.

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Su Xianze Transfiguration Seb Merger Approved Professional Managers – Supor, Seb, Su Xianze – Hc

April 12, Supor announcement that France SEB M Supor finally have the approval of the Ministry of Commerce. After the acquisition, SEB in France will hold Supor from 52.74 to 61% of the shares, a controlling shareholder. Supor Cookware Co., Ltd., Su Xianze 12 in a telephone interview during a calm tone. He said that this result was largely anticipated, there is no excitement. It is reported that Su Xianze will be “professional manager” as long as the new Supor company.

SEB shareholding from 52.74 to 61%

Show, according to announcement, the Commerce Department agreed in principle to Supor Group, Suzeng Fu, Su Xianze price of 18 yuan per share, respectively, the agreement to transfer the French SEB International, Inc. 9.71%, 4.24%, 0.43% stake, for a total 2532.0116 shares; agreed in principle to Zhejiang Supor Co., Ltd. 18 yuan per share price of SEB to the French International Co., Ltd. private placement of ordinary shares of RMB 4,000 million shares (A) shares; SEB International Inc. agreed in principle to some of France Supor offer to acquire shares of not less than 4860.5459, 6645.2084 shares of not more than.

The French SEB International Strategic Investment Co., Ltd. listed Zhejiang Supor Co., Ltd., the French, according to notice that the international Co., Ltd. will hold Supor from 52.74 to 61% of the shares, become a controlling shareholder. SEB shares held by Supor A 3 year non-transferable.

Announcement said the Ministry of Commerce approved Supor coin apply to the CSRC approval procedures related. Completed, Supor will “foreign investors of listed companies for Strategic Investment” requirements, the Ministry of Commerce within 10 days to obtain the approval certificate of foreign invested enterprises, and to the administrative department for industry and commerce registration.

Acquisition affects peer “nervous”

M & As hit the “monopoly” of sensitive topics, Supor acquisition and Carlyle Xugong had the same on foreign mergers and acquisitions led to a great discussion shortcomings. However, various concessions and Carlyle, the status of private enterprises granted Supor obviously much easier.

Supor France SEB Group since August 14, 2006 signed a strategic cooperation framework agreement, against the acquisition of voice has not been interrupted, the voices against the merger mainly from Ai Shida, double happiness, Shun fat and other cooking utensils China National Hardware Association, vice president of chapter six units. August 29, the six companies in Beijing issued a joint outside the case against the Supor acquisition of emergency declaration. Reasons against M & A focus on worry about the Chinese cookware market monopoly by the French group SEB. This makes the acquisition has become the first case the Ministry of Commerce anti-monopoly investigation. This joint venture cases reported since last September after over 8 months after the approval. Su Xianze said: “Audit is expected, because the Chinese do have a lot of foreign investment norms.”

Do not wear a “foreign monopoly” hat
Mei Xinyu, researcher at the Ministry of Commerce

that there is no need to quote Xugong foreign investment, but also by “foreign monopolies,” questioned the Supor acquisition, then the case with Xugong different meaning is not related to people’s livelihood industry, not a strategic industry, therefore, no need to wear a “foreign monopoly,” the threat of a hat.

For the recent emergence of a large number of foreign M & A cases, Mei Xinyu that this is because foreign companies and cancel the policy of national treatment to foreign super race. In August 2006, the new draft law on corporate income tax has been submitted to the NPC Standing Committee for the first trial, which is very important proposal of domestic and foreign income tax merger. Therefore, foreign companies want to enter the Chinese market as early as possible.

Said Mei Xinyu, Ministry of Commerce oversight and review of the acquisition of four key words: First, national economic security; second key industries; third is well-known marks; Fourth, old Chinese.

Mutually beneficial joint venture

Can be said that the acquisition of Supor Cookware Co., Ltd. is the SEB Group’s hardships, an important measure of contemplating changes. The group announced the acquisition time for action, said that China is a huge consumer electronics market, small household electrical appliances in China this year will increase by 6.6% in total sales, while the figure will rise 44% within 5 years. The implication, the development of the market so quickly, SEB Group, a piece of nature to go. CEO Thierry? Theis said that the acquisition of Supor, SEB Group sales in Asia will reach its more than 30% of total sales, while before, the group in Asia only the total sales turnover of 10%.

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Supor Deal First Hearing May Be Postponed – Supor, Acquisition, Electric Pressure Cooker – Hc

Supor acquisition of a full investigation into the case
Originally estimated in mid-November at the first case of anti-trust hearings?? France SEB acquisition Supor case would be postponed. “November 3,

Business Department sent a formal letter, to seek the views of all sides to express Supor acquisition conduct a comprehensive investigation, the hearing is expected to be delayed. “Henan Tangyin Nutrition

Cooking utensils Co., Ltd. Chairman Guo Yufeng told reporters by telephone. It is understood, Henan Tangyin nutrition cooking utensils Limited is the largest pan manufacturer, cooking appliances in China Hardware Association, vice president of branch units, is against the acquisition of Supor SEB in France one of the enterprises.

According to reports, the Ministry of Commerce on October 17 had to seek the advice Hardware Association, but on October 26, China National Hardware Association (Hardware Association) to

Management System ground to China Light Industry Federation (of Light) onto the front. Thus, the Commerce Department late in October to seek the views of Light You Xiang. 3 November, the Ministry of Commerce again Supor deal more comprehensive survey, the trade association involved in mergers and acquisitions, competitors, upstream suppliers and downstream distributors,

Consumption , Etc. for comments. “Of Light” involved in mergers and acquisitions
It is understood Hardware Association in October 17 as the industry organization receives notice of the Ministry of Commerce for comment. In accordance with the original arrangements, Hardware Association vice president of the initial request for cookware branch units on the basis of the views of members, after the reunification of attitude should be back in October 26 the Ministry of Commerce.

But late last month, metal cooking utensils Branch Association Deputy Secretary-General Li-Xin Jin has said that under the existing management system, hardware association does not direct counterparts in the Ministry of Commerce, but should be on higher level units of Light. He said that the hardware as soon as possible to reflect the views of the Association to the light together, and then to the Ministry of Commerce in conjunction Central light responses. It is understood that, in light joint is transformed from the original Bureau of Light Industry, Management Association of the included hardware, daily chemical industry associations,

Home Appliances 67 associations, including associations, societies and institutions, is a comprehensive light industrial organization.
However, in light of staff together at the same time admitted to journalists that they subordinate the management of numerous industry associations, the industry-specific knowledge of cooking is very much limited. It is understood that Ai Shida, baby two pairs of opposed mergers and acquisitions business has been peer-November 2 in conjunction with the show in light of the situation and attitude, and submit the relevant materials. Of Light Industry, Director of Integrated Services, said Yi Cui, Light Metal Association, in conjunction with communication, it will be integrated to seek and consider the views of all parties to the relevant departments to reflect accurately.

Frequently pre-hearing activities Supor “11 7 morning we received the notice, let us make a suggestion, chairman Su Xianze Supor afternoon called on the person,” Yu-Feng Guo told reporters, the tone from the time Su Xianze can feel out of their This thing is very anxious. Which has been said previously Supor not received a notice on the antitrust investigation.

Guo Yufeng, said Su Xianze phone call on him more concern about, and that the conflict between the two companies is not great. According to Guo Yufeng understanding of the past few days, Suxian Ze more than one company to call them, but also to other companies also expressed hope that “care care” means.

In fact, until early in the Su Xianze, Supor has been Trustee of messenger. Middle of last month, the Commerce Department sought the views of Hardware Association, hardware, Vice Secretary-General Yu-Feng Guo Li-Xin Jin call from Guangzhou, said the acquisition of Supor SEB to upgrade industrial technology on a variety of benefits such as strength, hope Tangyin nutrition cooking for consideration. Guo Yufeng that the association of the name of the leadership of the past have been very close with Supor, obviously in favor of the merger agreement Supor is SEB? Why it so it’s.

First antitrust hearings may be postponed

Industry analysis, with the acquisition of Light involved in the association’s views on the situation facing the difficult birth; with the Ministry of Commerce of the acquisition of a more comprehensive investigation of the case, much of concern to the industry’s first anti-monopoly investigation hearing it may be delayed.

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