Ad-hoc | 13 June 2002 08:09

Norddeutsche Affinerie AG english

Sale of MicroMet GmbH Pulvertechnologie Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Sale of MicroMet GmbH Pulvertechnologie Norddeutsche Affinerie AG (NA) has sold its former subsidiary, MicroMet GmbH Pulvertechnologie, to ECKA Granulate GmbH & Co. KG (ECKA Granulate) in Fürth/Bavaria. It was agreed that the 100 % acquisition of MicroMet by ECKA Granulate will be backdated to 1 April 2002. MicroMet with 69 employees is one of the leading producers of copper powders and metal powders. The company is domiciled in Hamburg. The administrative headquarters and production facilities are located within NAs works area. Up to now MicroMet has had an annual output of about 5,000 tonnes of electrolytic and atomised copper powders and metal powders. Apart from suppliers to the automotive industry, MicroMets customers include the chemical industry, the electrical engineering and electronics industries as well as industrial niche sectors. Despite its very good market position and high efficiency it had become increasingly difficult for MicroMet to hold up well in international competition. It was therefore NAs target to expand MicroMet by external growth or to find strategic alliances. In the view of NAs Executive Board, the sale of MicroMet to ECKA Granulate is the optimal solution. As a result of the acquisition of MicroMet, ECKA Granulate can enhance its internationally leading position. MicroMet complements the ECKA Granulate product portfolio and puts the production possibilities on a wider and still more performance-oriented footing. Implications for the personnel at the Hamburg location will only arise as part of the usual restructuring measures. end of ad-hoc-announcement (c)DGAP 13.06.2002 ——————————————————————————– WKN: 676650; ISIN: DE0006766504; Index: MDAX Listed: Amtlicher Handel in Frankfurt und Hamburg; Freiverkehr in Berlin, Bremen, Düsseldorf, München und Stuttgart 130809 Jun 02