EANS-News: RHI AG
RHI AG signs Non-binding Memorandum of Understanding (MOU)
for potential acquisition in Serbia
11.05.2012 – 16:31
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Strategic management decisions Wien (euro adhoc) - Today, RHI's CEO Franz Struzl signed a non-bindung MOU together with representatives of the Republic of Serbia and the City of Kraljevo. In this MOU, RHI expresses its interest to pursue an acquisition of the assets of Magnohrom d.o.o. These assets include magnesite mines and will require production capacities that need approx. 400 persons for its operations. RHI expects the sale process to be initiated by the Serbian government by mid-year and is considering investing up to EUR 60 million for this project within the next five years. This project is part of the strategic drive of RHI to increase its backward integration in raw materials. 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 -------------------------------------------------------------------------------- company: RHI AG Wienerbergstrasse 9 A-1100 Wien phone: +43 (0)50213-6123 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