AMSTERDAM, THE NETHERLANDS--(Marketwire - Oct 22, 2012) - (Regulated Information) ---
AMG Advanced
Metallurgical Group N.V. (EURONEXT: AMG) (AMSTERDAM: AMG) announces that
the
merger between AMG's subsidiary, AMG Mining AG, and Graphit Kropfmuhl AG
("GK")
has become effective with the registration of the merger in the
commercial
register of AMG Mining AG. The shares of GK will soon cease trading
on the
Deutsche Borse.
The GK Annual General Meeting on 27 August 2012 approved a
resolution to
transfer the shares of minority shareholders to the majority
shareholder in
return for a cash compensation of EUR 31.92 per share pursuant to Sec. 62
Para.
5 of the German Transformation Act in conjunction with sections 327a et
seq. of
the German Stock Corporation Act. The transfer of the shares has
become
effective simultaneously with the registration of the merger in the
commercial
register of AMG Mining AG by the Munich district court. Therefore all
shares
from minority shareholders of Graphit Kropfmuhl AG have been transferred
to the
majority shareholder, AMG Mining AG, and Graphit Kropfmuhl AG ceased to
exist.
About AMG
AMG creates and applies innovative metallurgical solutions to the global
trend
of sustainable development of natural resources and CO(2) reduction. AMG
produces highly engineered specialty metal products and advanced vacuum
furnace
systems for the Energy, Aerospace, Infrastructure and Specialty Metals and
Chemicals end markets.
The Advanced Materials Division develops and produces specialty metals,
alloys
and high performance materials. AMG is a significant producer of specialty
metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master
alloys
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 and vanadium chemicals.
The Engineering Systems Division designs, engineers and produces advanced
vacuum
furnace systems and operates vacuum heat treatment facilities, primarily
for the
Aerospace and Energy (including solar and nuclear) industries. Furnace
systems
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
provides
vacuum case-hardening heat treatment services on a tolling basis.
AMG Mining AG (formerly Graphit Kropfmühl AG) produces critical
materials
utilizing its secure raw material sources in Africa, Asia and Europe. AMG
Mining produces critical materials such as high purity natural graphite and
silicon metal. These materials are of significant importance to the global
economy and are available in limited supply. End markets for these
materials
include electronics, energy efficiency, green energy and infrastructure.
With over 3,000 employees, AMG operates globally with production facilities
in
Germany, the United Kingdom, France, Czech Republic, United States, China,
Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and
customer
service offices in Belgium, Russia and Japan (www.amg-nv.com).
Disclaimer
Certain statements in this press release are not historical facts
and are
"forward looking." Forward looking statements include statements
concerning
AMG's plans, expectations, projections, objectives, targets, goals,
strategies,
future events, future revenues or performance, capital expenditures,
financing
needs, plans and intentions relating to acquisitions, AMG's
competitive
strengths and weaknesses, plans or goals relating to forecasted
production,
reserves, financial position and future operations and development,
AMG's
business strategy and the trends AMG anticipates in the industries
and the
political and legal environment in which it operates and other information
that
is not historical information. When used in this press release, the
words
"expects," "believes," "anticipates," "plans," "may," "will,"
"should," and
similar expressions, and the negatives thereof, are intended to identify
forward
looking statements. By their very nature, forward looking statements
involve
inherent risks and uncertainties, both general and specific, and risks
exist
that the predictions, forecasts, projections and other forward
looking
statements will not be achieved. These forward looking statements speak
only as
of the date of this press release. AMG expressly disclaims any
obligation or
undertaking to release publicly any updates or revisions to any forward
looking
statement contained herein to reflect any change in AMG's expectations
with
regard thereto or any change in events, conditions, or circumstances on
which
any forward looking statement is based.
22 October 2012:
http://hugin.info/138060/R/1651164/532585.pdf
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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE
[HUG#1651164]