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Componenta Oyj — M&A Activity 2007
Feb 19, 2007
3307_tar_2007-02-19_2a6588ec-fea6-4abb-b94a-2c0ee2d73735.pdf
M&A Activity
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COMPONENTA
STOCK EXCHANGE RELEASE
19.2.2007 at 14.30
Componenta's tender offer for the remaining Döktas shares
Componenta has today made a mandatory tender offer for the remaining 26.8% of Dökümcülük Ticaret ve Sanayi A.S. shares and votes quoted on the Istanbul Stock Exchange. On the public trading there are 1,698,219,972 Döktas shares, each with a nominal value of YTL 0.01. The tender price is specified as YTL 4.55 per 100 shares. The tender price has been published in the Turkish daily newspapers, Sabah and Hürriyet, on 18 February 2007. The tender offer period starts on19 February 2007 at 9.00 am and it will end on 5 March 2007 at 5.00 pm.
On 18 October 2006 Componenta signed an agreement with Koc Holding A.S. and related parties (Koc Group) under which it purchased 55% of the shares and voting rights in this transaction, which was completed on 12 December 2006. Koc Group sold all the Döktas shares that it held. Pursuant to applicable Turkish laws, Componenta has to make a mandatory tender offer for the remaining Döktas shares, although its intension is to keep Döktas as a listed company.
After this transaction Componenta has increased its holding in Döktas by the Istanbul Stock Exchange. On 14 February 2006 Componenta had about 73.2% holding in the company.
Componenta and Döktas together form the second largest independent European supplier of cast components and advanced solutions. The pro forma net sales of the Group in 2006 were EUR 616.9 million and the amount of personnel is approximately 5,250 (incl. leased employees).
Helsinki, 19 February 2007
COMPONENTA CORPORATION
Heikki Lehtonen President and CEO
Further information:
Heikki I ehtonen President and CEO tel. +358 10 403 00
Componenta is a metal sector company with internations and production plants located in Finland, the Netherlands, Sweden, and Turkey. The pro forma net sales of Componenta exceeded EUR 617 million in 2006 and the Group employed about 5,250 people. Componenta's shares are quoted on the Helsinki Stock Exchange. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers who are manufacturers of vehicles, machines and equipment.
Componenta Corporation Panuntie 4 FI-00610 Helsinki , Finland Tel. +358 10 403 00 Fax +358 10 403 2721 http://www.componenta.com