EANS-Adhoc: RHI AG Transaction of the acquisition of magnesite mining rights
and existing production facilities in Turkey abandoned
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Mergers - Acquisitions - Takeovers
30.09.2014
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:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher, CIIA
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
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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