STOCKHOLM, Sweden, Sept. 18, 2003 (PRIMEZONE) -- The re-opened bid by Sapa (Pink Sheets:SPKKF) expired on September 12. Shares equal to 4.2 percent of the capital of RCA were tendered. The price of these shares will be paid on 19 September 2003.
The total number of shares now held by Sapa in RCA is 97.8 percent of the capital. A squeeze-out procedure will be initiated as of 24 September.
Sapa has the intention to delist the share of Remi Claeys Aluminium from Euronext Brussels on conclusion of the squeeze-out procedure.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa will in 2003 have a turnover of approximately 12 billion SEK, with 7,600 employees all over Europe and in USA and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is listed on the O-list of Stockholmsborsen.
Further information about Sapa can be found on our web site www.sapagroup.com
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http://www.waymaker.net/bitonline/2003/09/18/20030918BIT00100/wkr0001.doc
http://www.waymaker.net/bitonline/2003/09/18/20030918BIT00100/wkr0002.pdf