Kme Group

M&A Activity • Jul 6, 2018

Informazione Regolamentata n. 0240-41-2018		Data/Ora Ricezione 06 Luglio 2018 22:11:23	MTA
Societa'	:	INTEK GROUP
Identificativo Informazione Regolamentata	:	106077
Nome utilizzatore	:	SMIN02 - De Vitis
Tipologia	:	2.2
Data/Ora Ricezione	:	06 Luglio 2018 22:11:23
Data/Ora Inizio Diffusione presunta	:	06 Luglio 2018 22:11:24
Oggetto	:	KME signed an agreement to take over MKM
Testo del comunicato

Vedi allegato.

Registered Office: 20121 Milan (MI) Foro Buonaparte, 44 Share Capital: Euro 335.069.009,80, fully paid-in Milan Company Register – Tax I.D. Nr. 00931330583 www itkgroup.it

PRESS RELEASE

KME SIGNED AN AGREEMENT TO TAKE OVER MKM

Milan, 6th July 2018 - Intek Group S.p.A. informs that its fully controlled subsidiary KME AG ("KME"), one of the leading player in the European copper and copper alloy semifinished product industry, reached an agreement with European Acquisition Midco Limited for the acquisition of 100% indirect interest in MKM Mansfelder Kupfer und Messing GmbH ("MKM"), another major player in the relevant market.

The aim of the transaction is to strengthen the performances of both companies through the implementation of synergies. The future strategy will be focused on differentiating each of the relevant plants based on its specific production strengths.

The agreed Purchase Price is € 80 million plus a participation of the Seller in the future value creation of the combined entity. The Purchase Price will be financed by group own resources and ongoing divestments of assets.

The closing of the transaction is subject to certain conditions precedent, such as merger control clearance by relevant antitrust authorities. In this respect, KME and MKM already filed into the relevant EU Commission on June 4, in advance of the signing of the agreement.

MKM is based in Hettstedt, eastern Germany, with around 1.100 employees. The turnover of the company of around € 1 bn is dedicated to copper based rolled products, tubes, copper rods and wire rods. After the transaction, the entity will combine a turnover of around € 3 bn, with around 4.900 employees.

The press release is available on the Company's website, www.itkgroup.it. Additional information may be directly requested from the Company (telephone number +39.02.806291; e.mail: info@itk.it) and through the "eMarket STORAGE" system operated by Spafid Connect SpA at the address: .

* * *