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Strategic management decisions
Wien (euro adhoc) – Today, RHI’s CEO Franz Struzl signed a
non-bindung MOU together with representatives of the Republic of
Serbia and the City of Kraljevo. In this MOU, RHI expresses its
interest to pursue an acquisition of the assets of Magnohrom d.o.o.
These assets include magnesite mines and will require production
capacities that need approx. 400 persons for its operations.
RHI expects the sale process to be initiated by the Serbian
government by mid-year and is considering investing up to EUR 60
million for this project within the next five years.
This project is part of the strategic drive of RHI to increase its
backward integration in raw materials.
Further inquiry note:
Mag. Simon Kuchelbacher
end of announcement euro adhoc
company: RHI AG
phone: +43 (0)50213-6123
FAX: +43 (0)50213-6130
indexes: ATX Prime, ATX
stockmarkets: official market: Wien