Alcoa Launches Offer to Purchase Approx. $11 Million Stake Remaining in Russian Facility From Minority Shareholders.PITTSBURGH -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) today announced that it has begun an offer to purchase the remaining 18 percent of the Belaya Kalitva Belaya Kalitva (Russian: Бе́лая Кали́тва) is a town in Rostov Oblast, Russia. (BKMPO) fabricated aluminum plant in Russia still held by shareholders following its acquisition from Rusal in January 2005. A subsidiary of Alcoa, ZAO ZAO Zakrytoe Aktsionernoe Obschestvo (Russian: Closed Joint Stock Corporation) ZAO Zenith Angle Offset ZAO Aluminium Doped Zinc Oxide (material for producton of organic light-emitting diodes) Prime Alum, will offer shareholders 7.50 rubles a share (approximately 26 cents a share) to tender their shares between September 12 and October 12, 2005. There are approximately 43 million shares of BKMPO held by minority shareholders. Alcoa holds an 82 percent supermajority Supermajority A corporate amendment in a company's charter requiring a large majority (anywhere from 67%-90%) of shareholders to approve important changes, such as a merger. position in the facility. Alcoa purchased the plant, along with the Samara Samara, river, Russia Samara (səmä`rə), river, c.360 mi (580 km) long, rising in the foothills of the S Urals, European Russia. It flows generally northwest, and joins the Volga River at Samara. fabricating facility, to support its growth plans in the commercial transportation, aerospace, automotive and packaging markets to better serve customers not only in Russia, but throughout Europe, Asia and the Americas. Prime-Alum does not intend to make any additional offers for shares from minority shareholders after the conclusion of the Tender Offer. Shareholders seeking additional information may contact Alcoa's agents for this offer: UFG Polis Invest Polis Invest 10 Povarskaya Stanislavskovo Street 167/25, Zavodskaya Street 1 Street office 603 Belaya Kalitva 347045 Moscow 121069 Rostov-on-Don 344022 +7 (86313) 631 78 +7 (095) 797 2991 +7 (8632) 634 327 Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. , closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com |
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