euro adhoc: A-TEC Industries AG
Mergers - Acquisitions - Takeovers
A-TEC
Industries AG increased holding in Cumerio S.A. to 25.0% plus 1 share
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information/Cumerio
05.07.2007
Vienna, 5 July 2007: A-TEC Industries (ISIN AT00000ATEC9) discloses today the holding of 25.0% and 1 share or respectively 6,425,520 shares of the Belgium copper producer Cumerio S.A. (ISIN BE0003819365). The stake increased from 20.9% previously announced to 25.0%.
A-TEC Industries considers the acquisition of its shareholding in Cumerio as a long-term strategic investment in one of Europe's leaders in the copper industry, which is going through a process of consolidation. A-TEC Industries believes that Cumerio can play a major role in this process and wants itself to be closely involved in the creation of a newly consolidated European copper conglomerate, dedicated to be a strong competitor in the global market place. Therefore, A-TEC Industries currently intends to remain a significant shareholder of Cumerio and may want to further accumulate its shareholding. A-TEC Industries is also exploring closer relationships with the copper mining industry to create better supply security and additional operational business synergies. Taking into account its position in Norddeutsche Affinerie AG, A-TEC Industries sees good potential to involve this group as well in such an endeavour.
About Cumerio S.A.: Cumerio SA is listed on the Euronext stock exchange in Brussels and is one of the leading companies in smelting, refining, recycling and transformation of copper in Europe. Cumerio SA is headquartered in Brussels and has industrial operations in Belgium, Bulgaria, Italy and Switzerland. Cumerio S.A. generated a turnover in 2006 of some EUR 3.4 bn and as at 31 December 2006, Cumerio S.A. employed some 1,450 people.
About A-TEC Industries AG: Vienna listed A-TEC Industries AG is a Vienna-based international industrial group with successful operations in drive systems, plant engineering, machine tools and metallurgy. The Group currently employs around 11,000 people, and the financial results for 2006 show sales revenues of EUR 1.6 bn.
end of announcement euro adhoc 05.07.2007 17:16:38
Further inquiry note:
A-TEC INDUSTRIES AG
Wächtergasse 1, A-1010 Wien
Investor Relations Contact:
Mag. Gerald Wechselauer
Head of Investor Relations
Phone: +43 1 22760 - 130
Mobile: +43 (0)664 6104475
Email: gerald.wechselauer@a-tecindustries.com
www.a-tecindustries.com
Press Contact:
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade