Dürr AG — Delisting Announcement 2004

Feb 19, 2004

News Details

Ad-hoc | 19 February 2004 20:21

Dürr decides to squeeze out Schenck minority

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Dürr decides to squeeze out Schenck minority Stuttgart, February 19, 2004 – At today’s meeting, Dürr AG’s Supervisory Board approved the initiation of a process that will force the minority shareholders of Carl Schenck AG to sell their shares to the majority shareholder for cash. Dürr AG currently holds 98.7% of the shares of Carl Schenck AG. The “squeeze-out” (provided for by German corporate law) will make the organization and management of the Dürr Group more consistent. It can reduce the cost of group structures and double reporting. It will also eliminate the costs at Carl Schenck AG of fulfilling disclosure requirements, listing, and expensive annual meetings. The Dürr Technology Group is one of the world’s leading suppliers of production systems and manufacturing support services for automobile manufacturers and suppliers. With a workforce of about 13,000 employees, Dürr achieved sales of almost EUR 2.1 billion in 2002. Its business figures for 2003 will be released on April 29th. Contact: Susanne E. Langer Tel.: +49 (0)711 136-1785 end of ad-hoc-announcement (c)DGAP 19.02.2004 ——————————————————————————– WKN: 556520; ISIN: DE0005565204; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Hannover 192021 Feb 04