EANS-News: RHI AG RHI acquires an additional 26% in Orient Refractories Ltd.,
India, through a public offer
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers
Wien (euro adhoc) - Following the acquisition of 43.6% of the share capital of
Orient Refractories Ltd. (ORL) from the core shareholders in early March, RHI
has completed the mandatory open offer for an additional 26% of the ORL shares.
As of April 29, RHI thus holds 69.6% of the voting rights in ORL. The
transaction price to acquire the 69.6% stake totaled roughly EUR 50 million.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6123
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English