EANS-Adhoc: RHI AG
RHI is on the verge of acquiring magnesite mining rights
including existing production facilities in Turkey
19.08.2013 – 19:22
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mergers - Acquisitions - Takeovers 19.08.2013 The Supervisory Board of RHI AG today granted the Managing Board approval to sign agreements with Cihan Group for the purchase of mining rights in Erzurum, Turkey, including existing production facilities, pending the provision of outstanding documents by the seller. The expected purchase price amounts to roughly EUR 36 million. After the agreements are signed, the purchase will still require the approval of the civil court of first instance and the competent administrative authorities in Turkey. The planned purchase will serve to further expand the company's own supply of raw materials for refractory products for the steel and cement industry. Further inquiry note: RHI AG Investor Relations Mag. Simon Kuchelbacher Tel: +43-1-50213-6676 Email: simon.kuchelbacher@rhi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: RHI AG Wienerbergstrasse 9 A-1100 Wien phone: +43 (0)50213-6676 FAX: +43 (0)50213-6130 mail: rhi@rhi-ag.com WWW: http://www.rhi-ag.com sector: Refractories ISIN: AT0000676903 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English