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CHRIST WATER TECHNOLOGY AG

EANS-Adhoc: CHRIST WATER TECHNOLOGY AG
CHRIST proposed to be important part of new global leader in water technology

  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.
Company Information
22.09.2009
GLV Inc., a corporation listed on the Toronto Stock Exchange and a 
global provider of technological solutions used in water treatment, 
recycling and purification, as well as in pulp and paper proposes to 
merge with Christ Water Technology AG by purchasing, for a cash 
consideration of EUR 3.35 per CHRIST share, in a public tender offer 
up to 100% of the outstanding shares of Christ Water Technology AG to
form a new leading globally operating water technology group and has 
announced the intention to publish such offer today.
Within a period of 10 working days upon publication of the offer by 
GLV, the Management Board and Supervisory Board of CHRIST, as 
required by the Austrian Takeover Act, will comment on the offer 
based on the fair evaluation of effects of the offering on the 
business, creditors, employees and the public interest. Christ Water 
Technology AG has been informed that the tender offer expected to be 
issued by GLV is supported by CHRIST's largest shareholder, WAB 
Foundation.
The new water technology group would be active on 5 continents with 
2500 employees and more than EUR 500 million turnover.
The completion of the offer will be subject to various conditions 
including a minimum of 90% of CHRIST shares tendered into the offer.
A team of Altium Capital AG, led by Alexander Grünwald, is assigned 
as M&A advisor and a team of Dorda Brugger Jordis Rechtsanwälte GmbH,
led by Andreas Mayr and Jürgen Kittel, acts as legal advisor for 
CHRIST in connection with the planned transaction.

Further inquiry note:

Christ Water Technology AG
Mag. Ralf Burchert
ralf.burchert@christwater.com
Tel.: 06232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wien / official market

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