EANS-Adhoc: German antitrust authorities authorize takeover of cylinder-head and exhaust system gasket business of Freudenberg Group by ElringKlinger
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Antitrust Issues
05.08.2010
Dettingen/Erms (Germany), August 5, 2010 +++ ElringKlinger AG, Dettingen/Erms, has received the approval of the German antitrust authorities for the execution of the planned takeover of the Static Metal Gaskets division of Freudenberg & Co. KG, Weinheim. The Static Metal Gaskets division of the Freudenberg Group encompasses the cylinder-head and exhaust system gaskets business. The planned takeover had been announced on July 12, 2010.
Thus, the signing of the contractual agreement and the execution of the takeover are no longer subject to the proviso of official approval, as a result of which ElringKlinger anticipates that the acquisition can come into legal effect on October 1, 2010.
In implementing the planned acquisition, ElringKlinger will strengthen its international position within the field of cylinder-head gaskets and highly heat-resistant specialty gaskets for engines and exhaust systems.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
ElringKlinger AG Corporate Communications
Max-Eyth-Straße 2, 72581 Dettingen/Erms
Fon: +49 (0)7123-724-640 / 137
Fax: +49 (0)7123-724-641
E-mail: stephan.haas@elringklinger.de
andreas.braendle@elringklinger.de
Branche: Automotive Equipment
ISIN: DE0007856023
WKN: 785602
Index: MDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Düsseldorf / free trade
München / free trade
Stuttgart / regulated dealing
Original-Content von: ElringKlinger AG, übermittelt durch news aktuell