EANS-News: RHI AG Brazilian antitrust authority approves combination of RHI
and Magnesita
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
Vienna - The Brazilian antitrust authority CADE granted its approval regarding
the planned combination of the RHI Group with the Brazilian Magnesita
Refratários S.A. on July 11, 2017.
Important milestones have been achieved with the merger control clearances in
the USA, the European Union and Brazil. "As a next step, our shareholders will
decide, among other things, about the merger of RHI AG with its wholly-owned
Dutch subsidiary RHI MAG NV at an extraordinary general meeting yet to be
convened. We are planning this general meeting for August 4," Stefan Borgas, CEO
of RHI and designated CEO of the future RHI-Magnesita Group, commented on the
decision of the Brazilian authority.
The combination of RHI and Magnesita will enable the combined company to offer
its customers an even more comprehensive range of services and thus provide
added value. There is further significant value creation potential due to the
realization of planned synergies and innovations based on the combined know-how
of the companies.
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: +43-1-50213-6676
FAX:
mail: investor.relations@rhi-ag.com
WWW: http://www.rhi-ag.com
ISIN: AT0000676903
indexes: ATX
stockmarkets: Wien
language: English