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Voluntary tender offer for ALNO AG published

München (euro adhoc) -

- BaFin approves cash public tender offer to all shareholders of ALNO
AG - Offered price of EUR 7.20 per share is approximately 55% above 
low this year - Acceptance period to run until 3 January 2007
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
Munich, 27 November 2006. After receiving
approval from Germany’s Federal Financial Supervisory Authority
(BaFin), bidding company Küchen Holding GmbH today published its
offering document for the public tender offer to the shareholders of
ALNO AG. Küchen Holding GmbH, a holding company advised by German
Capital, is offering EUR 7.20 in cash per share to all shareholders.
The acceptance period begins with today’s publication of the offer,
and ends at midnight on 3 January 2007.
Today’s offer follows on from the deal announcement by Küchen Holding
GmbH on 16 October 2006. Subject to approval by competition
authorities, the bidding company will hold around 72% of the voting
rights in ALNO AG. The goal of acquiring a majority interest in the
company has thus already been achieved. The offer price of EUR 7.20
per share is approximately 55% above the lowest price this year and
represents a premium of 13% over the average price in the six months
before the announcement of 16 October 2006.
"With this offer, we are once again demonstrating our full confidence
in ALNO’s business model and its tremendous growth prospects," said
Jürgen Diegruber, Partner at GermanCapital. "The acquisition of an
interest in ALNO by Küchen Holding GmbH will be made with the Hellwig
family of shareholders participating, and with the agreement and
support of major shareholder Whirlpool. Together with the management,
the next step is to make sure the company is ideally positioned for
the future."
With sales of EUR 613m in 2005 and approximately 2,700 employees,
ALNO AG is the world’s second-largest kitchen supplier and market
leader in Germany.
The offering document for the public tender offer in cash has been
posted online at www.kuechen-holding.de. Details of the offer can be
found there.
Free copies of the offering document are also available for ALNO
shareholders from: Commerzbank Aktiengesellschaft, ZCM-CMAD, Mainzer
Landstrasse 153, 60327 Frankfurt am Main, Fax: +49 69 1364 4598.
Important information: This announcement does not constitute an offer
to buy or a solicitation to sell ALNO AG securities. The terms and
requirements of the offer by Küchen Holding GmbH to the shareholders
of ALNO AG are published in the offering document authorisied by
BaFin.
end of announcement                               euro adhoc 27.11.2006 09:40:41

Further inquiry note:

Max Hohenberg
presse@germancapital.com
www.germancapital.com
+49 89 599 458 132

Branche: Technology
ISIN: keine ISIN vorhanden
WKN:
Börsen: Frankfurter Wertpapierbörse / official dealing

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