Ad-hoc | 14 December 2005 18:35
Norddeutsche Affinerie AG (NA): LOI signed covering production in China
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 14.12.2005 – Today representatives of Yanggu Hongxiang Investment
Co., Ltd. (YHI), PRC, Shandong Fengxiang (Group) Co., Ltd. and Norddeutsche
Affinerie AG (NA) have signed a Letter of Intent (LOI), in which they confirm
their intention of jointly operating a copper smelter with integrated power
plant and a rod plant in China. Capital expenditure for the erection of the
smelter (including power plant) and the rod plant in Yanggu, Shandong
Province, amounts to just under EUR 330 million.
The parties assume that the contract negotiations, which are at an early
stage, will be brought to a successful conclusion shortly.
Norddeutsche Affinerie AG
Hovestraße 50
20539 Hamburg
Deutschland
ISIN: DE0006766504 (MDAX)
WKN: 676650
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr
in Berlin-Bremen, Düsseldorf, München und Stuttgart
End of ad hoc announcement (c)DGAP 14.12.2005