Corporate | 5 October 2006 14:44
ARQUES takeover of chemicals company, Oxxynova, approved
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ARQUES takeover of chemicals company, Oxxynova, approved
Federal Cartel Office approves transaction between ARQUES and Degussa.
Starnberg, October 05, 2006 – The Federal Cartel Office has approved the
purchase of the chemicals company, Oxxynova, by ARQUES Industries AG from
Degussa. The Federal Cartel Office announced this on October 4, 2006. The
responsible Degussa committee had already previously agreed to the
transaction.
Oxxynova is market leader in the production and marketing of
dimethylterephthalate (DMT) in liquid and solid form and generated annual
revenues to the value of EUR 182 million with approximately 200 employees
in 2005. DMT is a preliminary product in polyester production and is
utilised, among other things, in the production of textile and technical
fibers, films, lacquer and adhesive raw materials, as well as plastic
films.
Oxxynova is the tenth ARQUES acquisition in the financial year 2006. The
Starnberg-based equity investment company has hereby already exceeded its
goal for this year of reaching annualised group revenues of one billion
Euro.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround
specialist who focuses on the acquisition and the active restructuring of
companies in transitional situations, in order to develop these, with its
own team and own resources, to competitive enterprises with a positive
yield. ARQUES revitalises its subsidiaries’ potential for creating value
for the benefit of all its stakeholders, taking on the relevant social
responsibility. ARQUES has made a duty of identifying underestimated
companies with reduced survivability but with high appreciation potential,
at the same time mastering complex company structures and transitional
situations. The shares of ARQUES Industries AG are traded in the regulated
market (Prime Standard) of the Frankfurt Stock Exchange under the symbol
‘AQU’ (ISIN: DE0005156004) and are listed in the SDAX since September 19,
2005.
Contact:
ARQUES Industries AG
Corporate Communication
Christian Schneider
Tel.: +49 (0) 8151/ 651 0
Email: schneider@arques.de
(c)DGAP 05.10.2006
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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