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voestalpine intends to acquire Nedcon

21 May 2004 | 

voestalpine AG, Linz, the Austrian steel manufacturing and processing group listed on the Vienna Stock Exchange, and Nedcon N.V. (“Nedcon”), Doetinchem (the Netherlands), the Dutch industrial storage systems group listed on Euronext Amsterdam announce that they have reached agreement on voestalpine’s intention to make a public offer of EUR 19.20 per share in cash for all the ordinary shares and depositary receipts of ordinary shares in Nedcon. This represents a total amount of approximately EUR 31 million for 100% of Nedcon’s shares.