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Lenzing AG — M&A Activity 2009
Jul 28, 2009
748_iss_2009-07-28_754180f2-9941-4296-8b1b-64f44c289526.pdf
M&A Activity
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keywords: Mergers - Acquisitions - Takeovers
EANS-Adhoc: Lenzing AG / Lenzing Group enlarges share in Indonesian subsidiary PT. South Pacific Viscose
------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
28.07.2009
The Lenzing Group acquired a share of 40% in the Indonesian holding PGL (Pura Golden Lion) today. PGL has been operating the local fiber sales of PT. South Pacific Viscose since the foundation of the latter. Moreover, PGL holds a share of approximately 12% in PT. South Pacific Viscose. The 40% share in PGL was bought from APAC Centertex, a listed Indonesian spinning group. The parties agreed not to disclose the sales price. The enlargement of its indirect share in the subsidiary PT. South Pacific Viscose from 86% to 91% will strengthen Lenzing's position in the Indonesian and all other Asian fiber markets.
Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mailto:[email protected]
emitter: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: [email protected]
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI
stockmarkets: free trade: Berlin, official dealing: Wien
language: English
| Aussendung übermittelt durch euro adhoc |
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| The European Investor Relations Service |