EANS-News: RHI AG / RHI AG signs Non-binding Memorandum of Understanding (MOU) for potential acquisition in Serbia

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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:
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement euro adhoc

company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6123
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

Quelle: http://www.presseportal.de/pm/53808/2251445/eans-news-rhi-ag-rhi-ag-signs-non-binding-memorandum-of-understanding-mou-for-potential-acquisition/api