EANS-Adhoc: RHI AG RHI signs contract to acquire a raw material plant and
mining rights in Turkey
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Mergers - Acquisitions - Takeovers
07.04.2014
Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, today signed a contract
with the Cihan Group regarding the acquisition of a raw material plant and
mining rights in Erzurum, Turkey. The purchase price agreed amounts to USD 30
million; in addition, a debtor warrant of up to USD 16 million was agreed upon,
which depends on the raw material quantities and qualities. The entire
transaction is subject to the approval of the first instance of the competent
civil court and the competent administrative authorities, both in Turkey, as
well as to meeting further contractual conditions.
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
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issuer: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
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