Wacker Chemie AG

EANS-Adhoc: Wacker Chemie AG

  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.

Company Information/Acquisitions


Munich, June 7, 2010 - Wacker Chemie AG is acquiring the Norwegian FESIL Group´s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of WACKER´s supervisory board and FESIL´s board of directors as well as clearance by the antitrust authorities. Closing of the transaction is expected before the end of Q3 2010. For WACKER, this acquisition is a key step in securing its long-term supply of silicon metal at stable prices. Silicon metal is one of WACKER´s most important raw materials and is needed for the production of silicones and hyperpure polysilicon. Holla Metall´s production capacity is around 50,000 metric tons of silicon metal per year, which corresponds to about one third of WACKER´s current annual needs. Under the terms of the transaction, WACKER takes over all of FESIL´s production facilities in Holla, including the related real estate. The Munich-based chemical company intends to continue employing the site´s existing workforce of some 140.

end of announcement                               euro adhoc

Further inquiry note:

Joerg Hoffmann
Investor Relations
Tel.: +49 (0)89 6279 1633
E-Mail: joerg.hoffmann@wacker.com

Branche: Chemicals
ISIN: DE000WCH8881
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard

Original-Content von: Wacker Chemie AG, übermittelt durch news aktuell

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