euro adhoc: Salzgitter AG
Joint Ventures
Proposed concentration of seamless
tubes activities at Vallourec now implemented
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
23.06.2005
The intention jointly expressed in January 2005 by Salzgitter AG and Vallourec SA, Paris, to concentrate their seamless tubes activities at Vallourec has meanwhile been put into effect.
The final documents sealing the transfer of the relevant holdings were signed in Paris on June 23, 2005. This in particular effected the transfer of the 45 % stake in Vallourec & Mannesmann Tubes SA (V&M) held by the wholly-owned Salzgitter subsidiary Mannesmannröhren-Werke GmbH (MRW) to its French joint venture partner Vallourec. As a result Vallourec now owns 100 % of V&M. Salzgitters stake in Vallourec (held indirectly via MRW) remains unchanged at around 23 %.
end of announcement euro adhoc 23.06.2005 15:16:26
Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
Email: gersdorff.b@salzgitter-ag.de
Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
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