Wienerberger AG

ots Ad hoc-Service: Wienerberger Baustoffind. Wienerberger sells Treibacher Industrie AG

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    Vienna (ots Ad hoc-Service) -      

    Wienerberger Baustoffindustrie AG announces the sale of its non- core subsidiary Treibacher Industrie AG, with headquarters in Treibach-Althofen (Carynthia, Austria), to the German August von Finck industrialist in the form of a "share deal". Treibacher Industrie AG recorded sales of EUR 164 million and profit after tax of EUR 10.6 million in 1999 with 576 employees and specializes in ferro-alloys.

    This sale includes only operating assets and related liabilities. The purchase price and interest-bearing liabilities to be assumed by the buyer total EUR 126 million. This will generate additional income after tax of EUR 58 million for Wienerberger in this "Year of Harvest". Non- operating assets were previously spun off in a preparatory transaction. They include a valuable fresh water supply plus a small hydroelectric power plant, non-operational real estate, Treibach Palace, and excess liquidity. The divested non operating assets have a total value of approximately EUR 44 million. The transaction volume for the entire "Treibacher Package" can therefore be estimated at EUR 170 million.

    This change in ownership at Treibacher Industrie AG is taking place with the involvement of the Managing Board and approval by the Workers' Council. The industrial orientation and strong financial position of the new private shareholder will provide a solid basis for an even more independent and successful development in the future. Management will remain unchanged and Dr. Reinhard Iro will continue as sole managing director. For Wienerberger, the successful sale of Treibacher Industrie AG signifies a concluding milestone in the implementation of the Group's concentration strategy. The share of Group capital employed held by the Financial Investments segment, which equaled 37% four years ago, will now fall below 1%. The Wienerberger Group has therefore become a global "Pure Player" in the international building materials industry with a leading position in bricks and pipes.

    Wienerberger Baustoffindustrie AG The Managing Board Vienna,

    For additional information contact: Thomas Melzer, Investor Relations Officer Tel.: +43 (1) 60192-471 (463), E-Mail:

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