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RAG initiates squeeze-out procedure
Geschrieben am 20.03.2006 - [Nächster Artikel] |
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Dusseldorf (ots) - RAG Projektgesellschaft mbH, Essen, today notified
Degussa AG, Dusseldorf, that directly and indirectly it holds shares
amounting to more than 95 percent of the company's capital stock and
has formally requested the Board of Management of Degussa AG pursuant
to Section 327a of the German Stock Corporation Act (AktG) to
initiate a process to transfer the shares held by the remaining
shareholders (minority shareholders) of Degussa AG to the majority
shareholder, RAG Projektgesellschaft mbH, pursuant to Sections 327a
et seq AktG in return for an appropriate cash settlement
(squeeze-out).
The plan is for the resolution on the squeeze-out to be passed at the
Annual Shareholders' Meeting of Degussa AG on May 29, 2006.
Further, it is intended that a control and profit-and-loss transfer
agreement with RAG Projektgesellschaft mbH will be submitted to the
Annual Shareholders' Meeting for approval.
Degussa is the global market leader in specialty chemicals. Our
business is creating essentials-innovative products and system
solutions that make indispensable contributions to our customers'
success. In fiscal 2005 around 44,000 employees worldwide generated
sales of 11.8 billion euros and operating profits (EBIT) of 940
million euros.
Originaltext: Degussa AG
digital press kits: http://presseportal.de/story.htx?firmaid=18754
press kits via RSS: feed://presseportal.de/rss/pm_18754.rss2
ISIN: DE0005421903
Contact:
Hannelore Gantzer
Spokeswoman
Corporate Communications
T +49-211-65041-368
F +49-211-65041-527
hannelore.gantzer@degussa.com
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