EANS-Adhoc: RHI AG
Transaction of the acquisition of magnesite mining rights
and existing production facilities in Turkey abandoned
30.09.2014 – 17:05
-------------------------------------------------------------------------------- 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 30.09.2014 The contract signed between Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, and the Turkish Cihan Group on April 7, 2014 for the acquisition of a raw material plant and mining rights in Erzurum, Turkey, (see ad hoc release of April 7, 2014) provided for different contractual conditions for the final fulfillment of the transaction (closing). Although the deadline was repeatedly extended, several of these contractually defined conditions were not met. Consequently, the transaction was not closed at the expiry of the long stop date on September 30, 2014. The RHI Group will not extend the long stop date for the closing again and not pursue the transaction any further. Further inquiry note: RHI AG Investor Relations Mag. Simon Kuchelbacher, CIIA 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