Salzgitter AG

euro adhoc: Salzgitter AG
Mergers - Acquisitions - Takeovers
Salzgitter AG to take a stake in Klöckner-Werke AG

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@



Today Salzgitter AG Stahl und Technologie, Salzgitter, has signed a contract with WCM Group, Frankfurt am Main, to acquire a 78 % stake of Klöckner-Werke AG, Duisburg. As part of the deal, Salzgitter AG will also acquire a 71 % stake in RSE Grundbesitz und Beteiligungs-AG, Frankfurt am Main. The transaction price is subject to a confidentiality agreement and will not be published.

Klöckner-Werke AG is an industrial holding with globally operating subsidiaries. The mainstay of its business operations is KHS AG, Dortmund, which produces filling and packaging equipment in Germany, The United States, Brazil, Mexico, India and China. Other activities are in mechanical engineering, robotics and automation technology. In financial year 2006, sales exceeded EUR 870 million. Klöckner Group has a global workforce of more than 5,000 employees.

With this acquisition, Salzgitter AG is entering a prospering, and less cyclical market holding strong future potential and is thereby further increasing the Group's diversification. The combined capabilities of Klöckner-Werke AG and the successful and globally operating Salzgitter Group will open up synergies and future potential for both corporations.

The acquisition is subject to the approval of the boards of the parties involved and the respective anti-trust authorities.

@@start.t2@@end of announcement                                                 euro adhoc 08.03.2007 08:46:33

ots Originaltext: Salzgitter AG
Im Internet recherchierbar:

Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
Index:    MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
              Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Niedersächsische Börse zu Hannover / official dealing

Weitere Meldungen: Salzgitter AG

Das könnte Sie auch interessieren: