News release

Transfer of shares completed – Renova ownership below 50% – Sulzer free from US sanctions

April 12, 2018

Sulzer announced on April 9, 2018, that it had entered into a binding agreement with its former majority shareholder Renova to acquire five million Sulzer shares from Renova.

170727 Growth

On April 11, 2018, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a license authorizing the completion of the transfer of the shares. This share transfer has been completed and Renova is now a minority shareholder, holding 48.83% of the shares in Sulzer. Sulzer now holds 15.24% of its own shares.

Sulzer confirms that it is no longer a blocked party or subject to sanctions under U.S. law. The company can now resume normal operations globally. To the extent that its assets have been blocked, Sulzer is taking the necessary steps to achieve timely reversal.

The business activities of Sulzer have been considerably disrupted, but the company does not believe that its long-term performance will be affected.

Sulzer would like to thank its customers, employees, financial partners and other stakeholders for their support.

The company will give more details as it announces its first quarter results on April 19, 2018.


Your media contact

Media Relations

Rainer Weihofen

Head External and Internal Communications

Phone: +41 52 262 36 09


Sulzer Management Ltd

Neuwiesenstrasse 15

8401 Winterthur

Switzerland

E-mail Route

Investor Relations

Christoph Ladner

Head of Investor Relations

Phone: +41 52 262 30 22


Sulzer Management Ltd

Neuwiesenstrasse 15

8401 Winterthur

Switzerland

E-mail Route

News release