EANS-Adhoc: RHI AG
RHI signs contract to acquire a raw material plant and
mining rights in Turkey
07.04.2014 – 20:08
-------------------------------------------------------------------------------- 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 07.04.2014 Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, today signed a contract with the Cihan Group regarding the acquisition of a raw material plant and mining rights in Erzurum, Turkey. The purchase price agreed amounts to USD 30 million; in addition, a debtor warrant of up to USD 16 million was agreed upon, which depends on the raw material quantities and qualities. The entire transaction is subject to the approval of the first instance of the competent civil court and the competent administrative authorities, both in Turkey, as well as to meeting further contractual conditions. 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