Lenzing AG

M&A Activity • Oct 17, 2001

News Details

Ad-hoc | 17 October 2001 11:41

Lenzing AG english

Sale of Lenzing AG – EU Decision Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The EU Competition Commission has not Authorized the Sale of Lenzing AG: EU DECISION IS NO OBSTACLE TO LENZINGS SUCCESSFUL COURSE OF BUSINESS The EU Commission has prohibited CVCs acquisition of the majority of Lenzing AG stock because of non-compatibility with existing EU competition laws. To date, Lenzing AG has not yet received the full text of the EU decision. After a thorough analysis of the reasons underlying the decision and discussing the issue with the various company bodies, Lenzing AG will comment on the substance, in coordination with Bank Austria, which is the majority shareholder of the company. The day-to-day business operations of Lenzing AG are not affected by the EU decision. end of ad-hoc-announcement (c)DGAP 17.10.2001 ——————————————————————————– WKN: 852927; Index: Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und München; Freiverkehr in Berlin 171141 Okt 01