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Austrian B&C Industrieholding acquires more than 50% of AMAG.

(SeeNews) - Mar 14, 2013 - Austrian B&C Industrieholding GmbH said yesterday it has increased its stake in aluminium group Austria Metall AG (WBAG:AMAG), or AMAG, to over 50% from previously 29.9%.

Of that, 46.13% are attributable to a participation agreement with Austrian regional bank Oberbank AG (WBAG:OBS), part of 3-Banken-Gruppe, and to a shareholder agreement with AMAG Arbeitnehmer Privatstiftung (ANPS). The rest has to do with an agreement for pre-emption rights and call options entered into with RLB OOe Alu Invest GmbH, a 100% subsidiary of Invest Holding GmbH.

B&C had improved its offer to EUR 23.40 (USD 30.34) per share plus dividend for 2012 from EUR 20.81 per share plus dividend.

AMAG's total shares and voting rights are 35,264.

(EUR 1.0 = USD 1.296)
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Publication:SeeNews Austria
Date:Mar 14, 2013
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