AMSTERDAM, THE NETHERLANDS--(Marketwire - Jul 10, 2012) - AMG Advanced Metallurgical
Group N.V.'s ("AMG",
EURONEXT AMSTERDAM: "AMG") wholly owned subsidiary, AMG Mining AG ("AMG
which owns approximately 93,59% of the nominal capital and the shares in
Kropfmühl AG, Hauzenberg, Germany ("GK") informed GK on 1 June of its
have the general meeting of GK resolve on a transfer of the shares
minority shareholders against payment of an adequate cash
connection with the intended merger of GK into AMG Mining. AMG Mining
have entered into a notarial merger agreement on 5 July 2012.
Today AMG Mining has confirmed and substantiated this request. Pursuant
letter dated today, AMG Mining has requested the GK management board to
GK's general meeting resolve on a transfer of the shares of the
shareholders to AMG Mining in connection with the merger of GK into AMG
against payment of a cash compensation in an amount of EUR 31,92 per share.
AMG creates and applies innovative metallurgical solutions to the global
of sustainable development of natural resources and CO(2) reduction. AMG
produces highly engineered specialty metal products and advanced vacuum
systems for the Energy, Aerospace, Infrastructure and Specialty Metals and
Chemicals end markets. AMG consists of two operating divisions, Advanced
Materials and Engineering Systems, and owns an interest in publicly-listed
Graphit Kropfmühl AG (Deutsche Börse: GKR.DE).
The Advanced Materials Division develops and produces specialty metals,
and high performance materials. AMG is a significant producer of specialty
metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master
and additives, chromium metal and ferrotitanium, for Energy, Aerospace,
Infrastructure and Specialty Metal and Chemicals applications. Other key
products include specialty alloys for titanium and superalloys, coating
materials, tantalum and niobium oxides, vanadium chemicals and antimony
The Engineering Systems Division designs, engineers and produces advanced
furnace systems and operates vacuum heat treatment facilities, primarily
Aerospace and Energy (including solar and nuclear) industries. Furnace
produced by AMG include vacuum remelting, solar silicon melting and
crystallization, vacuum induction melting, vacuum heat treatment and high
pressure gas quenching, turbine blade coating and sintering. AMG also
vacuum case-hardening heat treatment services on a tolling basis.
Graphit Kropfmühl AG is a majority owned, publicly listed subsidiary
Based on its secure raw material sources in Africa, Asia and Europe,
Kropfmühl is a specialist in the production of silicon metal and the
processing and refining of natural crystalline graphite for a wide range of
energy saving industrial applications.
With over 3,000 employees, AMG operates globally with production facilities
Germany, the United Kingdom, France, Czech Republic, United States, China,
Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and
service offices in Belgium, Russia and Japan (www.amg-nv.com).
Certain statements in this press release are not historical facts
"forward looking." Forward looking statements include statements
AMG's plans, expectations, projections, objectives, targets, goals,
future events, future revenues or performance, capital expenditures,
needs, plans and intentions relating to acquisitions, AMG's
strengths and weaknesses, plans or goals relating to forecasted
reserves, financial position and future operations and development,
business strategy and the trends AMG anticipates in the industries
political and legal environment in which it operates and other information
is not historical information. When used in this press release, the
"expects," "believes," "anticipates," "plans," "may," "will,"
similar expressions, and the negatives thereof, are intended to identify
looking statements. By their very nature, forward looking statements
inherent risks and uncertainties, both general and specific, and risks
that the predictions, forecasts, projections and other forward
statements will not be achieved. These forward looking statements speak
of the date of this press release. AMG expressly disclaims any
undertaking to release publicly any updates or revisions to any forward
statement contained herein to reflect any change in AMG's expectations
regard thereto or any change in events, conditions, or circumstances on
any forward looking statement is based.
AMG - GK squeeze out request:
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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE