ThyssenKrupp AG / Key word(s): Strategic Company Decision 31.01.2012 08:58 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ThyssenKrupp confirms planned combination of Inoxum with Outokumpu; Agreement reached with employee representatives ThyssenKrupp AG confirms that an agreement in principle has been reached about the combination of Outokumpu and Inoxum, ThyssenKrupp's stainless steel business. The Management Board of ThyssenKrupp AG has already generally approved the transaction. In addition to that, an agreement was reached between the negotiating partners and the employee representatives this morning. The agreement includes rules for site and employment protection. The melt shop in Krefeld will be gradually shut down until the end of 2013. At least until this point in time the strip casting equipment will continue to operate. The melt shop in Bochum will be preserved until the end of 2016. The agreement also generally excludes compulsory redundancies until the end of 2015. All German production sites of Inoxum will be preserved without restrictions at least until 2015. The results of the agreement with the employee representatives are subject to confirmation by the Management Board of ThyssenKrupp AG. The entire transaction requires the approval by the Supervisory Board of ThyssenKrupp AG. The Supervisory Board of ThyssenKrupp AG will have an extraordinary meeting this afternoon. The transaction agreement values Inoxum at an enterprise value of approx. EUR 2.7 bn. Under the agreement, ThyssenKrupp would obtain a minority stake in the new company for its transfer of Inoxum. In addition, the consideration would include a significant cash payment from Outokumpu to repay ThyssenKrupp's financial receivables towards Inoxum as well the assumption of third-party financial liabilities and pension liabilities of Inoxum by Outokumpu. Other than the board approval, the planned combination will be subject to a number of conditions, including regulatory approval. This release is a mandatory announcement pursuant to § 15 of the German Securities Trading Act (Wertpapierhandelsgesetz). Neither this release nor the information contained herein constitutes an offer to sell or a solicitation of an offer to buy securities. In particular, this release also does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. This release and the information contained herein are not being issued and may not be distributed in the United States of America, Canada, Japan and Australia. 31.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ThyssenKrupp AG ThyssenKrupp Allee 1 45143 Essen Germany Phone: +49 (0)201 844-0 Fax: +49 (0)201 844-536000 E-mail: info@thyssenkrupp.com Internet: www.thyssenkrupp.com ISIN: DE0007500001 WKN: 750000 Indices: DAX Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart; Terminbörse EUREX Weitere Informationen im Internet unter Investor Relations: Anleihen / Creditor Relations, Further information can be found on our website under Investor Relations: Bonds / Creditor Relations End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ThyssenKrupp AG: ThyssenKrupp confirms planned combination of Inoxum with Outokumpu
| Source: EQS Group AG