Lenzing AG

EANS-Adhoc: Lenzing AG
Lenzing Group enlarges share in Indonesian subsidiary PT. South Pacific Viscose

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28.07.2009

The Lenzing Group acquired a share of 40% in the Indonesian holding PGL (Pura Golden Lion) today. PGL has been operating the local fiber sales of PT. South Pacific Viscose since the foundation of the latter. Moreover, PGL holds a share of approximately 12% in PT. South Pacific Viscose. The 40% share in PGL was bought from APAC Centertex, a listed Indonesian spinning group. The parties agreed not to disclose the sales price. The enlargement of its indirect share in the subsidiary PT. South Pacific Viscose from 86% to 91% will strengthen Lenzing's position in the Indonesian and all other Asian fiber markets.

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ots Originaltext: Lenzing AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN:      AT0000644505
WKN:        852927
Index:    WBI
Börsen:  Berlin / free trade
              Wien / official dealing



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