NAPERVILLE, Ill., Feb. 12, 2007 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, announced today that The Blackstone Group, Apollo Management, L.P. and GS Capital Partners are selling 18,126,192 of the Company's common shares in a transaction underwritten by Citigroup Corporate and Investment Banking. This sale of previously unregistered shares represents approximately 12.7 percent of the current shares outstanding. This sale was made pursuant to the Company's existing registration statement. The Company will not receive any proceeds from this sale of its common shares. After giving effect to the sale of these shares, the sponsor group will no longer own shares of Nalco common stock.
Copies of the final prospectus supplement, when available, may be obtained from the offices of Citigroup Corporate and Investment Banking, Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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