RHI Magnesita

RHI signs contract to acquire a raw material plant and mining rights in Turkey

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Mergers - Acquisitions - Takeovers

Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, today signed a contract
with the Cihan Group regarding the acquisition of a raw material plant and
mining rights in Erzurum, Turkey. The purchase price agreed amounts to USD 30
million; in addition, a debtor warrant of up to USD 16 million was agreed upon,
which depends on the raw material quantities and qualities. The entire
transaction is subject to the approval of the first instance of the competent
civil court and the competent administrative authorities, both in Turkey, as
well as to meeting further contractual conditions.

Further inquiry note:
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement                               euro adhoc 

issuer:      RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6676
FAX:         +43 (0)50213-6130
mail:     rhi@rhi-ag.com
WWW:      http://www.rhi-ag.com
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

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

Weitere Meldungen: RHI Magnesita

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