finanzwire.de

Search

NORDDEUTSCHE AFFINERIE AG (FRA:NDA) DGAP-Adhoc: Aurubis AG: Aurubis AG executes term sheet with Wieland-Werke AG regarding the sale of Segment Flat Rolled Products

Transparency directive : regulatory news

12/02/2018 16:00

12/02/2018 16:00
25/04/2016 16:26
27/01/2016 15:02
02/10/2015 10:05
29/04/2015 11:38
19/09/2014 12:34
03/02/2014 14:53
05/11/2013 15:13
01/08/2013 15:29
04/02/2013 12:54

DGAP-Ad-hoc: Aurubis AG / Key word(s): Strategic Company Decision
Aurubis AG: Aurubis AG executes term sheet with Wieland-Werke AG regarding the sale of Segment Flat Rolled Products

12-Feb-2018 / 16:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Aurubis AG executes term sheet with Wieland-Werke AG regarding the sale of Segment Flat Rolled Products

Hamburg, February 12, 2018 - Aurubis AG, Hamburg, is in advanced negotiations regarding the sale of the Segment Flat Rolled Products to Wieland-Werke AG, Ulm. Today the parties signed a term sheet, which governs key aspects of a possible transaction. In addition, this also governs a possible purchase contract, the details of which are yet to be negotiated. The term sheet is subject to approval by Aurubis AG's Supervisory Board, which in principle views the enterprise positively.

The Executive Board sees the completion of the term sheet as an important intermediate step towards further negotiations and the sale. The transaction would be subject to the usual conditions, especially approval by antitrust authorities.

With the sale, Aurubis AG would leave the strip business completely. This step would be in accordance with Aurubis' new strategic focus.

Segment Flat Rolled Products includes production sites in the USA, the Netherlands, Finland and Germany, the slitting centers in Slovakia, Italy and Great Britain, as well as a global sales network. Additionally, the 50 % stake in Schwermetall Halbzeugwerk GmbH & Co. KG belongs to this segment; the other 50 % is already held by Wieland-Werke.

In fiscal year 2016/17, the segment produced approximately 230,000 t of copper and alloyed products, and employed around 1,740 people. Approximately 300 more employees work at Schwermetall. In fiscal year 2016/17, revenue amounted to approximately EUR 1.3 billion. Schwermetall additionally generated revenue of around EUR 330 million.

 


12-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Aurubis AG
Hovestrasse 50
20539 Hamburg
Germany
Phone: +49 (0)40 / 78 83 - 31 78
Fax: +49 (0)40 / 78 83 - 31 30
E-mail: a.seidler@aurubis.com
Internet: www.aurubis.com
ISIN: DE0006766504
WKN: 676650
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

653559  12-Feb-2018 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=653559&application_name=news&site_id=symex