Componenta's holding in Döktas increased to 81.5 per cent

Componenta's holding in Döktas increased to 81.5 per cent

Componenta's share of the voting rights and share capital of the Turkish foundry company Döktas has increased to 81.5%. According to the agreement made in October 2006 Componenta acquired 
55% of the shares and votes of Döktas Dökümcülük Sanayi ve Ticaret  A.S., a Turkish listed iron and aluminium casting component manufacturer. After the transaction Componenta has increased its holding in the company in trading on the Istanbul Stock Exchange. On 14 February 2007 Componenta had a 73.2% holding in the company.

Pursuant to applicable Turkish laws, Componenta made on 19 February 2007 a mandatory tender offer for the remaining 26.8% of Döktas shares and votes. The tender price is specified as YTL 4.55 per 100 shares. The tender offer period will end on 5 March 2007 at 5.00 pm.

Componenta and Döktas together form the second largest independent European supplier of cast   components and advanced solutions. The pro forma net sales of the Group in 2006 were EUR 616.9 million and the amount of personnel is approximately 5,250 (incl. leased employees). 

Helsinki, 20 February 2007 

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO





Further information:

Heikki Lehtonen
President and CEO
tel. +358 10 403 00


Componenta is a metal sector company with international operations and production plants located in Finland, the Netherlands, Sweden, and Turkey. The pro forma net sales of Componenta exceeded EUR 617 million in 2006 and the Group employed about 5,250 people. Componenta's shares are quoted on the Helsinki Stock Exchange. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers who are manufacturers of vehicles, machines and equipment.  
Componenta  Corporation 
Panuntie 4 
FI-00610 Helsinki , Finland
Tel. +358 10 403 00
Fax +358 10 403 2721
http://www.componenta.com