Umicore has reached an agreement to divest its minority shareholding of 22 % in Thai zinc producer Padaeng to Thai stockbroker Asia Plus Securities Public Company Limited. The transaction will generate cash proceeds of some € 30 million. It will also result in a net capital gain of some € 3 million on the book value of the holding.
For more information
Investor Relations:
Mr. Tim WEEKES - +32 2 227 73 98 - tim.weekes@umicore.com
Mr. Geoffroy RASKIN - +32 2 227 71 47 - geoffroy.raskin@umicore.com
Media:
Mr. Bart CROLS - +32 2 227 71 29 - +32 476 98 01 21 - bart.crols@umicore.com
Umicore profile
Umicore is a materials technology group. Its activities are centred on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. Each business area is divided into market-focused business units.
Umicore focuses on application areas where it knows its expertise in materials science, chemistry and metallurgy can make a real difference, be it in products that are essential to everyday life or those at the cutting edge of new technological developments. Umicore's overriding goal of sustainable value creation is based on this ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.
The Umicore Group has industrial operations on all continents and serves a global customer base; it generated a turnover of € 8.3 billion (€ 1.9 billion excluding metal) in 2007 and currently employs some 15,000 people.