FUCHS PETROLUB SE — M&A Activity 2001

Dec 21, 2001

News Details

Ad-hoc | 21 December 2001 10:01

Fuchs Petrolub AG english

FUCHS and DEA to terminate joint venture Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– FUCHS and DEA to terminate joint venture FUCHS PETROLUB AG, Mannheim, one of the world’s leading lubricant producers, has decided, in view of the planned merger of the refining and marketing operations of SHELL (GERMANY) and DEA, to agree with DEA to terminate the joint venture FUCHS DEA SCHMIERSTOFFE founded in 1998. This means that on December 31, 2001, DEA will withdraw from FUCHS DEA SCHMIERSTOFFE, which anticipates sales of just under Euro 280m for the current year. DEA’s settlement comprises transfer of the Hamburg-Grasbrook Division, which at the same time will constitute the basis for future supply of the DEA sales channels and the workshop business with lubricants under the DEA brand. No cash compensation above and beyond this will be made. As from January 1, 2002, FUCHS PETROLUB AG will continue to run the former FUCHS DEA SCHMIERSTOFFE as a subsidiary (100 %) operating under the name of FUCHS EUROPE SCHMIERSTOFFE GMBH. Mannheim, December 21, 2001 FUCHS PETROLUB AG Public Relations Friesenheimer Str. 17 D-68169 Mannheim Tel.: +49 621 3802 104 The ad-hoc release is also available on the Internet under http://www.fuchs- oil.de. end of ad-hoc-announcement (c)DGAP 21.12.2001 ——————————————————————————– WKN: 579040; ISIN: DE0005790406; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX), Stuttgart; Freiverkehr in Berlin, Hamburg; Swiss Exchange 211001 Dez 01