RHI Magnesita

RHI is on the verge of acquiring magnesite mining rights including existing production facilities in Turkey

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Mergers - Acquisitions - Takeovers

The Supervisory Board of RHI AG today granted the Managing Board approval to
sign agreements with Cihan Group for the purchase of mining rights in Erzurum,
Turkey, including existing production facilities, pending the provision of
outstanding documents by the seller. The expected purchase price amounts to
roughly EUR 36 million. After the agreements are signed, the purchase will still
require the approval of the civil court of first instance and the competent
administrative authorities in Turkey. The planned purchase will serve to further
expand the company's own supply of raw materials for refractory products for the
steel and cement industry.

Further inquiry note:
Investor Relations
Mag. Simon Kuchelbacher
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

Weitere Meldungen: RHI Magnesita

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