VA Technologie AG

euro adhoc: VA Technologie AG
EU Commission approves acquisition of VA TECH Takeover strengthens Siemens global market position in growth fields

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The EU Commission has approved Siemens’ bid to take over Austria’s VA Technologie AG (VA TECH). The decision was announced in Brussels today. This marks the conclusion of the antitrust review of the takeover offer made by Siemens AG Österreich in December 2004. When the deal is closed in a few days, Siemens will hold 97.15 percent of the VA TECH stock. The purchase price is approximately 1 billion euros. For competitive reasons, the European antitrust regulators did not approve a merger of the VA TECH hydropower activities with Siemens. As a result, Siemens will immediately initiate the sale of the VA TECH power generation unit.

Following the closing, it is intended to initiate a squeeze-out procedure in order to buy out the remaining owners of VA TECH shares in scattered holdings and to undertake a delisting of VA TECH.

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ots Originaltext: VA Technologie AG
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Further inquiry note:
Wolfgang Schwaiger      Harald Hagenauer
Communications and Investor Relations

phone:  43 732 6986-9222
fax:    43 732 6980-3416

Branche: Technology
ISIN:      AT0000937453
WKN:        093745
Börsen:    Berliner Wertpapierbörse
                Bayerische Börse
                Wiener Börse AG

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