RHI AG

EANS-News: RHI AG
RHI AG signs Non-binding Memorandum of Understanding (MOU) for potential acquisition in Serbia

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Strategic management decisions


Wien (euro adhoc) - Today, RHI's CEO Franz Struzl signed a non-bindung MOU
together with representatives of the Republic of Serbia and the City of
Kraljevo. In this MOU, RHI expresses its interest to pursue an acquisition of
the assets of Magnohrom d.o.o. 
These assets include magnesite mines and will require production capacities that
need approx. 400 persons for its operations. 

RHI expects the sale process to be initiated by the Serbian government by
mid-year and is considering investing up to EUR 60 million for this project
within the next five years. 

This project is part of the strategic drive of RHI to increase its backward
integration in raw materials.


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

end of announcement                               euro adhoc 
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company:     RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6123
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
 



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