029 Group SE

M&A Activity • Mar 10, 2006

News Details

Ad-hoc | 10 March 2006 18:15

Celanese AG: SQEEZE-OUT CASH COMPENSATION SET AT 62.22 EURO PER SHARE

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Celanese Europe Holding GmbH & Co. KG (‘Celanese Europe Holding’) has set the cash compensation in relation to the transfer of the shares held by the minority shareholders of Celanese AG to Celanese Europe Holding at 62.22 Euro per share. The requisite transfer resolution must be voted on by the shareholders’ meeting of Celanese AG. The amount of the cash compensation has been set by Celanese Europe Holding on the basis of a value appraisal report prepared by Ernst & Young AG Wirtschaftsprüfungsgesellschaft, Stuttgart, Eschborn/Frankfurt a.M. office. In connection with the determination of the amount of the cash compensation by Celanese Europe Holding, Deutsche Bank AG has submitted the bank guarantee required by law. In early November of 2005, Celanese Europe Holding, the majority shareholder of Celanese AG, had announced its intention to acquire the shares of the minority shareholders of Celanese AG pursuant to the squeeze out procedure. It is expected that the management board of Celanese AG will decide shortly to put the resolution to transfer the shares of the minority shareholders of Celanese AG to Celanese Europe Holding on the agenda of the annual shareholders’ meeting scheduled to take place on May 30th/31st, 2006. (c)DGAP 10.03.2006 ————————————————————————— language: English emitter: Celanese AG Frankfurter Str. 111 61476 Kronberg im Taunus Deutschland phone: +49 (0)69 305 16000 fax: +49 (0)69 305 16006 email: M.Kraft@celanese.com WWW: www.celanese.com ISIN: DE0005753008 WKN: 575300 indexes: stockmarkets: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————