Aurubis AG

M&A Activity • Dec 14, 2005

News Details

Ad-hoc | 14 December 2005 18:35

Norddeutsche Affinerie AG (NA): LOI signed covering production in China

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg, 14.12.2005 – Today representatives of Yanggu Hongxiang Investment Co., Ltd. (YHI), PRC, Shandong Fengxiang (Group) Co., Ltd. and Norddeutsche Affinerie AG (NA) have signed a Letter of Intent (LOI), in which they confirm their intention of jointly operating a copper smelter with integrated power plant and a rod plant in China. Capital expenditure for the erection of the smelter (including power plant) and the rod plant in Yanggu, Shandong Province, amounts to just under EUR 330 million. The parties assume that the contract negotiations, which are at an early stage, will be brought to a successful conclusion shortly. Norddeutsche Affinerie AG Hovestraße 50 20539 Hamburg Deutschland ISIN: DE0006766504 (MDAX) WKN: 676650 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, München und Stuttgart End of ad hoc announcement (c)DGAP 14.12.2005