EANS-News: Miba Aktiengesellschaft
Miba increases its interest in Brazilian
joint venture
27.12.2013 – 20:02
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Joint Ventures/Cooperation/Collaboration Laakirchen (euro adhoc) - Miba AG, which is listed in the standard market auction segment of the Vienna Stock Exchange, today signed an agreement to increase its interest in Mahle Metal Leve Miba Sinterizados Ltda in Indaiatuba, Brazil, by 10 percent from 30 to 40 percent. In addition, Miba has also agreed to strengthen the transfer of technology to the Brazilian manufacturing site so as to expand the present portfolio through the addition of new products. The joint venture between Miba AG and the Mahle Group has been in existence since 1998. Mahle Metal Leve Miba Sinterizados Ltda manufactures sintered components for the South American automotive industry. The company employs 435 members of staff. Further inquiry note: Mag. Manfred Luger Head of Corporate Communications & Marketing Services Tel.: +43/7613/2541-1123 mailto:manfred.luger@miba.com Investoren/Analysten MMag. Markus Hofer Vice President Corporate Finance Tel.: +43/7613/2541-1138 mailto:markus.hofer@miba.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Miba Aktiengesellschaft Dr.Mitterbauer-Straße 3 A-4663 Laakirchen phone: 07613/2541-0 FAX: 07613/2541-1010 mail: info@miba.com WWW: www.miba.com sector: Industrial Components ISIN: AT0000734835 indexes: Standard Market Auction stockmarkets: official market: Wien language: English