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M&A Activity • Oct 5, 2006

News Details

Corporate | 5 October 2006 14:44

ARQUES takeover of chemicals company, Oxxynova, approved

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— ARQUES takeover of chemicals company, Oxxynova, approved Federal Cartel Office approves transaction between ARQUES and Degussa. Starnberg, October 05, 2006 – The Federal Cartel Office has approved the purchase of the chemicals company, Oxxynova, by ARQUES Industries AG from Degussa. The Federal Cartel Office announced this on October 4, 2006. The responsible Degussa committee had already previously agreed to the transaction. Oxxynova is market leader in the production and marketing of dimethylterephthalate (DMT) in liquid and solid form and generated annual revenues to the value of EUR 182 million with approximately 200 employees in 2005. DMT is a preliminary product in polyester production and is utilised, among other things, in the production of textile and technical fibers, films, lacquer and adhesive raw materials, as well as plastic films. Oxxynova is the tenth ARQUES acquisition in the financial year 2006. The Starnberg-based equity investment company has hereby already exceeded its goal for this year of reaching annualised group revenues of one billion Euro. About ARQUES ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries’ potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. ARQUES has made a duty of identifying underestimated companies with reduced survivability but with high appreciation potential, at the same time mastering complex company structures and transitional situations. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol ‘AQU’ (ISIN: DE0005156004) and are listed in the SDAX since September 19, 2005. Contact: ARQUES Industries AG Corporate Communication Christian Schneider Tel.: +49 (0) 8151/ 651 0 Email: schneider@arques.de (c)DGAP 05.10.2006 ————————————————————————— Language: English Issuer: ARQUES Industries AG Münchner Str. 15a 82319 Starnberg Deutschland Phone: +49 (0)8151 651-0 Fax: +49 (0)8151 651- 500 E-mail: info@arques.de WWW: www.arques.de ISIN: DE0005156004 WKN: 515600 Indices: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ————————————————————————–