A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Mergers - Acquisitions - Takeovers
Serbian government rejects A-TEC Industries offer

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Company Information/RTB Bor

10.04.2008

Vienna, 10 April 2008 - The Serbian government has just announced its rejection of the revised offer for Rudarsko-topionicarski kombinat Bor (RTB), adjusted to current circumstances, submitted by A-TEC Industries to the Serbian Agency for Privatisation.

Under the terms of the offer, A-TEC Industries had proposed to pay an additional USD 230 million (m). Together with the interest bearing, returnable down payment of USD 150m already made, this would have amounted to a total of USD 380m. A-TEC Industries would also have issued a USD 60m performance bond and paid the outstanding USD 86m on 7 May. In addition, A-TEC — which also had a USD 50m AWS (federal promotional bank of the republic of austria) guarantee at its disposal — stated its readiness to increase the bid bond by USD 5m to USD 15m.

"In a difficult economic and political setting, we made the Serbian government a good offer that was in the best interests of the country, RTB and the latter´s employees and creditors," said A-TEC Industries CEO Mirko Kovats, expressing regret at the government´s move. "Regardless of this decision we are standing by our strategic goal of expanding our Metal Industry Division by making complementary acquisitions. Our copper business remains one of the Group´s core operations."

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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
IR contact:
Gerald Wechselauer
Head of Investor Relations
Phone:  +43 1 22760 - 130
Mobile: +43 (0)664 6104475
Email: gerald.wechselauer@a-tecindustries.com

Press contact:
Claudia Müller-Stralz
A-TEC Industries AG Press Office
Pleon Publico, Neulinggasse 37, A-1030 Vienna, Austria
Tel. +43 (0)1 71786 direct dial 107; fax +43 (0)1 7178660
claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN:      AT00000ATEC9
WKN:        
Index:    ATX Prime
Börsen:  Wiener Börse AG / Regulated free trade



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