Salzgitter AG

euro adhoc: Salzgitter AG
Joint Ventures
Proposed concentration of seamless tubes activities at Vallourec now implemented

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The intention jointly expressed in January 2005 by Salzgitter AG and Vallourec SA, Paris, to concentrate their seamless tubes activities at Vallourec has meanwhile been put into effect.

The final documents sealing the transfer of the relevant holdings were signed in Paris on June 23, 2005. This in particular effected the transfer of the 45 % stake in Vallourec & Mannesmann Tubes SA (V&M) held by the wholly-owned Salzgitter subsidiary Mannesmannröhren-Werke GmbH (MRW) to its French joint venture partner Vallourec. As a result Vallourec now owns 100 % of V&M. Salzgitter’s stake in Vallourec (held indirectly via MRW) remains unchanged at around 23 %.

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ots Originaltext: Salzgitter AG
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Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
Börsen:    Berliner Wertpapierbörse
                Hamburger Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Börse Düsseldorf
                Bayerische Börse
                Bremer Wertpapierbörse (BWB)
                Frankfurter Wertpapierbörse
                Niedersächsische Börse zu Hannover

Weitere Meldungen: Salzgitter AG

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