Palmers Textil AG: Presentation of Lenzing AG lacks any basis


Vienna (OTS) Palmers Textil AG, as the minority owner of Hygiene Austria LP GmbH, is surprised by the statements made by Lenzing AG in the OTS mailing No. 0135 of March 8, 2021 and makes the following statement in this context: At no time did Palmers clarify hindered the investigation or withheld documents. Rather, all documents were handed over to the investigating authorities in full transparency during the house search carried out on March 2, 2021.

Since the establishment of the joint venture, the majority owner Lenzing AG has been responsible for the procurement, certification and quality management of the goods as well as for production and product innovation. Since only both managing directors could effectively sign for Hygiene Austria LP GmbH, all documents were always available to both managing directors. In addition, the managing director appointed by Lenzing AG is also their capital market officer.

Negotiations were also held last weekend for the takeover of the shares in Lenzing AG by Palmers Textil AG, which have not yet been concluded. It is important to the second managing director, Tino Wieser, that all allegations regarding the alleged deficiencies are completely cleared up. The media are still being informed about this today.

Inquiries & contact:

Palmers Textil AG
Eva Mandl
+43 699 111 766 56

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Palmers Textil Presentation Lenzing lacks basis


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