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Squeeze-out procedure of ALTANA AG: AGM resolution filed for entry in the Commercial Register

Published on 2010-08-26. Author : SpecialChem

On June 30, 2010, the Annual General Meeting of ALTANA AG (security code number 760080, ISIN DE0007600801) had adopted a resolution to transfer the remaining shares to the majority shareholder SKion GmbH in return for a cash compensation of €15.01 per share. Because there are presently no appeals against the resolutions of the AGM any more, ALTANA AG has filed to enter the transfer resolution in the Commercial Register in Duisburg. ALTANA expects the entry to be made within the next few days. Once the transfer resolution has been entered, all shares of the minority shareholders will be transferred to SKion GmbH by act of law in return for the cash compensation. In addition, stock exchange trading with ALTANA shares will cease as a consequence of the transfer.

About ALTANA:

ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player" with 84% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

At present, the ALTANA Group has 35 production facilities and 47 service and research laboratories worldwide. Throughout the group 4,800 people work to ensure the success of ALTANA worldwide. In 2009 ALTANA achieved sales of about 1.2 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.

Forward-Looking Statements

This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.

Source: ALTANA


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