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Lenzing AG

euro adhoc: Lenzing AG
Strategic management decisions
Lenzing transfers majority share of Business Unit Paper

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Spin-offs
26.02.2008
The Lenzing Group will transfer 60 percent of its shares in Business 
Unit Paper and the control of the business to a group of investors 
around core investor Ernst Brunbauer (Gmunden, Austria) with the 
beginning of March. Lenzing AG will keep the remaining 40 percent. A 
corresponding declaration of intent has already been signed and a 
final framework agreement will be signed with the group of investors 
this week. The new majority shareholder will operate Lenzing Paper at
its site, Lenzing (Austria), as an independent business.
The decision is a consistent continuation of Lenzing's strategic 
focus on innovative cellulose fiber products, high-quality synthetic 
special fibers and thermoplastics. Lenzing expands dynamically in 
these two segments. The Group is world market leader in cellulose 
fibers and has acquired four companies in plastics in 2007 alone.
Lenzing Paper is the smallest business unit of the Lenzing Group, 
with an annual production of 80,000 tons of specialty papers 
(envelope, poster and recycled paper) and a turnover of about EUR 60 
mill. The current staff of about 130 will be taken over by the new 
majority shareholder.
end of announcement                               euro adhoc

Further inquiry note:

Lenzing AG
Angelika Guldt
Corporate Communications
Mobile: +43 (0)664 611 22 66
Phone: +43 (0) 7672 701-2713
E-mail: a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Börse Berlin / free trade
Wiener Börse AG / official dealing

Plus de actualités: Lenzing AG
Plus de actualités: Lenzing AG