euro adhoc: RHI AG
Strategic management decisions
RHI AG initiates selling
process for the Heraklith Group
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.09.2005
RHI has decided to initiate the sale of its Insulating division with the lead company Heraklith AG. An IPO, the alternative option to the further strategic development of this division, will not be pursued any further due to the high number of potential buyers who have shown serious interest.
RHI will now ask several potential buyers to place their bids and, following the preparation of a short list in October 2005, enable selected investors who can strengthen Heraklith in its strategic development in Central and Eastern Europe, especially in Russia, to perform a comprehensive due diligence analysis.
The completion of the transaction (closing) is scheduled for the first quarter of 2006, following the preparation of Herakliths financial statements 2005.
end of announcement euro adhoc 20.09.2005 14:31:15
Further inquiry note:
RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com
Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing