EANS-Adhoc: Wacker Chemie AG
WACKER ACQUIRES SILICON-METAL PRODUCTION SITE IN
NORWAY
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information/Acquisitions
07.06.2010
Munich, June 7, 2010 - Wacker Chemie AG is acquiring the Norwegian FESIL Group´s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of WACKER´s supervisory board and FESIL´s board of directors as well as clearance by the antitrust authorities. Closing of the transaction is expected before the end of Q3 2010. For WACKER, this acquisition is a key step in securing its long-term supply of silicon metal at stable prices. Silicon metal is one of WACKER´s most important raw materials and is needed for the production of silicones and hyperpure polysilicon. Holla Metall´s production capacity is around 50,000 metric tons of silicon metal per year, which corresponds to about one third of WACKER´s current annual needs. Under the terms of the transaction, WACKER takes over all of FESIL´s production facilities in Holla, including the related real estate. The Munich-based chemical company intends to continue employing the site´s existing workforce of some 140.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Joerg Hoffmann
Investor Relations
investor.relations@wacker.com
Tel.: +49 (0)89 6279 1633
E-Mail: joerg.hoffmann@wacker.com
Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Original content of: Wacker Chemie AG, transmitted by news aktuell