RHI Magnesita

Transaction of the acquisition of magnesite mining rights and existing production facilities in Turkey abandoned

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Mergers - Acquisitions - Takeovers

The contract signed between Magnesit Anonim Sirketi, a Turkish subsidiary of RHI
AG, and the Turkish Cihan Group on April 7, 2014 for the acquisition of a raw
material plant and mining rights in Erzurum, Turkey, (see ad hoc release of
April 7, 2014) provided for different contractual conditions for the final
fulfillment of the transaction (closing). 

Although the deadline was repeatedly extended, several of these contractually
defined conditions were not met. Consequently, the transaction was not closed at
the expiry of the long stop date on September 30, 2014. The RHI Group will not
extend the long stop date for the closing again and not pursue the transaction
any further.

Further inquiry note:
Investor Relations
Mag. Simon Kuchelbacher, CIIA
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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