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M&A Activity • Jul 20, 2007

News Details

Corporate | 20 July 2007 15:24

ARQUES sold remaining shares in SKW Metallurgie

ARQUES Industries AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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ARQUES sold remaining shares in SKW Metallurgie

• Very high demand for SKW shares on the part of institutional investors
• Placement executed at EUR 37 per share; proceeds of EUR 82 mill. for
ARQUES

Starnberg, July 20, 2007 – The Starnberg-based equity investment company,
ARQUES Industries AG (ISIN DE0005156004), has placed all of its remaining
shares of 50.3% in its subsidiary, SKW Stahl-Metallurgie AG (ISIN
DE000SKWM013), with institutional investors. The placement has been
oversubscribed and has been done for EUR 37 per share whereby ARQUES
realised gross proceeds of EUR 82 million. The road show following the
recently published acquisition of the ESM Group by SKW showed an
extraordinarily high demand for SKW shares on the part of institutional
investors. For this reason the executive board and the supervisory board of
ARQUES Industries AG decided on the short term placement of the remaining
SKW shares which was planned for the second half of the year. The placement
was effected by way of a consortium consisting of M.M. Warburg & Co. and
Viscardi.

ARQUES took over SKW in August 2004 from the Degussa group and listed the
company on the stock exchange in December 2006 after extensive
restructuring and realignment. The IPO of SKW has been one of the most
successful IPOs of the last year. The SKW share has increased its value by
30% since then. ARQUES realises proceeds to the value of more than EUR 120
million from the sale of the SKW shares.
DGAP 20.07.2007

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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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