RHI Magnesita N.V.
RHI AG english
RHI sells Villas Austria GmbH
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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RHI and Carinthia-based PI Management- und Beteiligungs GmbH signed a contract
on May 9, 2003 to sell Villas Austria GmbH, Fürnitz/Austria. The company
produces high-grade waterproofing systems under the Villas brand for all kind of
buildings. Villas is market leader in Austria and has a strong position in
Middle-/East-Europe, too.
For Villas and the location Fürnitz/Carinthia, the change in ownership opens up
good perspectives, as the designated Villas management is involved in the board
of management of the buyer, too. Villas at present employs 133 people, sales
revenues of the activities for sale now amounted to EUR 36 million in the year
2002.
Financing of the transaction is ensured by Hypo-Alpe-Adria Bank AG.
Following the sale of the Engineering division last year and by selling Villas,
RHI can widely finalize the restructuring of the group on the core business
refractories (RHI Refractories) and the insulating division (Heraklith AG).
The enforcement of the contracts for selling Villas is subject to implied
conditions and the approval of the competent authorities.
Contact: Markus Richter, Phone +43 1 50 213 6123
markus.richter@rhi-ag.com
end of ad-hoc-announcement (c)DGAP 12.05.2003
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WKN: 067690; ISIN: AT0000676903; Index: ATX
Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt (General
Standard); Freiverkehr in Berlin-Bremen und Stuttgart
120759 Mai 03
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