Aurubis AG

M&A Activity • Dec 12, 2003

News Details

Ad-hoc | 12 December 2003 07:44

Norddeutsche Affinerie AG: Supervisory Board approves amalgamation of HK in NA

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Supervisory Board approves amalgamation of HK in NA Hamburg, 12 December 2003 – At its meeting on 11 December 2003 the Supervisory Board of Norddeutsche Affinerie AG (NA) gave its approval to the amalgamation of Hüttenwerke Kayser AG (HK) in NA. The amalgamation of HK in NA is planned economically retroactive to 1 October 2003. HK’s Supervisory Board and its Annual General Meeting have not yet given their consent but this is, however, expected. The aim of the amalgamation is to create the possibilities to integrate HK’s business and production works even more strongly in the NA Group. The Group is meeting the increased demands of international competition above all by implementing cost cutting and performance enhancement programmes. In particular the recycling business should be further strengthened. HK’s production site in Lünen will play a central role in this. In addition to the structural benefits, the amalgamation will enable the accumulated losses at HK to be optimally used. end of ad-hoc-announcement (c)DGAP 12.12.2003 ——————————————————————————– WKN: 676650; ISIN: DE0006766504; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, München und Stuttgart 120744 Dez 03