RHI Magnesita

Conditional Agreement between RHI and Cookson Group

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.

merger, acquisition and takeover

Wien (euro adhoc) - RHI AG announces that a conditional agreement has been reached with Cookson Group plc concerning the acquisition of two plants, in Scotland (Bonnybridge) and USA (Saybrook) respectively, manufacturing Carbon Bonded Ceramics ("CBC"), currently operated by Foseco plc.

The CBC business had revenues of approximately GBP 20 million for the year ended 31 December 2006 and gross assets of approximately GBP 9 million as at 31 December 2006. Completion of the transaction is conditional, amongst other things, on receipt of anti-trust clearances in the US and Europe regarding the acquisition of Foseco by Cookson, which is expected to be completed in the first half of 2008.

end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
Barbara Potisk
Tel: +43 1 50213 6123
Email: barbara.potisk@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing

Original-Content von: RHI Magnesita, übermittelt durch news aktuell

Weitere Meldungen: RHI Magnesita

Das könnte Sie auch interessieren: