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SGl Carbon SE: Agreement on the Sale of the Aerostructures Business of HITCO

This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contrac­tual rights, good will, accounts receivable, and work in progress; HITCO’s materials division is not part of this transaction. The terms of the agreement result in overall negative proceeds of USD 47 million, which consists of payments to Avcorp, repay­ments of customer advance payments as well as costs relating to various services to the benefit of the buyer. The purchase consideration is subject to customary ad­justments based on working capital of HITCO and certain contract pricing adjustments.

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