DGAP-Adhoc: SCHULER AG: ANDRITZ new major shareholder of Schuler

 | Quelle: EQS Group AG EQS Group AG 

SCHULER AG  / Key word(s): Offer

29.05.2012 13:45

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.

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AD HOC ANNOUNCEMENT

Göppingen, May 29, 2012 - Schuler AG was informed today that its major
shareholder, the investment company held by the Schuler-Voith family
Schuler-Beteiligungen GmbH, has sold its entire shareholding in Schuler AG
amounting to 38.5% of capital stock to a German investment company
belonging to the Austrian technology and engineering group ANDRITZ AG,
based in Graz, Austria. The purchase price is reportedly 20.00 euros per
share.

ANDRITZ has announced it will submit an offer to the remaining shareholders
of Schuler AG in accordance with the provisions of the German Securities
Acquisition and Takeover Act ('Wertpapiererwerbs- und Übernahmegesetz') to
acquire the remaining shares (61.5% of the capital stock of Schuler AG).
Consideration for these shares is also to amount to 20.00 euros per share
in cash. The Board of Management and Supervisory Board of Schuler AG shall
issue a separate statement on the announced takeover bid, and in particular
on the consideration offered to shareholders of Schuler AG as part of the
bid, once the offer document has been received.

Completion of the acquisition of the share package belonging to
Schuler-Beteiligungen GmbH and the announced takeover bid is said to be
subject solely to approval from the relevant antitrust authorities.

In 2011, ANDRITZ posted sales of 4.6 billion euros and employed some 17,000
people around the world. ANDRITZ is reported to be the world's leading
supplier of plant, equipment and services for hydropower stations, the pulp
and paper industry, solid-liquid separation in the municipal and industrial
sectors, the steel industry, and the production of animal feed and biomass
pellets.

Investor Relations contact:
Thomas Herrlinger
Head of Investor Relations
Bahnhofstraße 41
73033 Göppingen
Germany
Tel.: +49 7161 66-204
Fax: +49 7161 66-850
E-mail: thomas.herrlinger@schulergroup.com

Press contact:
Ingo Schnaitmann
Head of Corporate Communications
Bahnhofstraße 41
73033 Göppingen
Germany
Tel.: +49 7161 66-201
Fax: +49 7161 66-907
E-mail: ingo.schnaitmann@schulergroup.com


29.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SCHULER AG
              Bahnhofstraße 41
              73033 Göppingen
              Germany
Phone:        +49 (0)7161 66-204
Fax:          +49 (0)716 166-850
E-mail:       ir@schulergroup.com
Internet:     www.schulergroup.com
ISIN:         DE000A0V9A22
WKN:          A0V9A2
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, München
 
End of Announcement                             DGAP News-Service
 
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