Ad-hoc | 16 July 2002 08:06

voestalpine AG english

voestalpine acquires the Vossloh shareholding in VAE AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– voestalpine acquires the Vossloh shareholding in VAE AG and thereby becomes ma- jority shareholder of the worldwide leading manufacturer of switching systems Vienna (16 July 2002) voestalpine Bahnsysteme GmbH, an affiliate of the publicly quoted voestalpine AG and lead company of the voestalpine railway systems division, takes over the 45.3 percent shareholding in switch manufacturer VAE AG, which has so far been held by Vossloh AG. Thus, voestalpine Bahnsysteme GmbH, whose shareholding in the VAE Group has likewise been 45.3 percent, becomes majority shareholder of the worldwide leading manufacturer of switching systems and now holds 90.6 percent of the company’s shares. The purchase price for the shares acquired from Vossloh is EUR 140.5 million. In addition, voestalpine Bahnsysteme GmbH will provide adequate compensation for the 9.4 percent of the VAE shares which are held by small shareholders as soon as the transaction has been approved by the competition authorities. Based on the purchase price for the shares of VAE AG held by Vossloh AG, the compensation price for the small shareholders is estimated at EUR 221.47 per VAE share. end of ad-hoc-announcement (c)DGAP 16.07.2002 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 160806 Jul 02