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2007-02-19 13:30:09 CET 2007-02-19 13:30:09 CET Componenta - Tender offerComponenta's tender offer for the remaining Döktas sharesComponenta's tender offer for the remaining Döktas shares Componenta has today made a mandatory tender offer for the remaining 26.8% of Döktas Dökümcülük Ticaret ve Sanayi A.S. shares and votes quoted on the Istanbul Stock Exchange. On the public trading there are 1,698,219,972 Döktas shares, each with a nominal value of YTL 0.01. The tender price is specified as YTL 4.55 per 100 shares. The tender price has been published in the Turkish daily newspapers, Sabah and Hürriyet, on 18 February 2007. The tender offer period starts on19 February 2007 at 9.00 am and it will end on 5 March 2007 at 5.00 pm. On 18 October 2006 Componenta signed an agreement with Koc Holding A.S. and related parties (Koc Group) under which it purchased 55% of the shares and voting rights in Döktas. In this transaction, which was completed on 12 December 2006, Koc Group sold all the Döktas shares that it held. Pursuant to applicable Turkish laws, Componenta has to make a mandatory tender offer for the remaining Döktas shares, although its intension is to keep Döktas as a listed company. After this transaction Componenta has increased its holding in Döktas by the stock trading on the Istanbul Stock Exchange. On 14 February 2006 Componenta had about 73.2% holding in the company. Componenta and Döktas together form the second largest independent European supplier of cast components and advanced solutions. The pro forma net sales of the Group in 2006 were EUR 616.9 million and the amount of personnel is approximately 5,250 (incl. leased employees). Helsinki, 19 February 2007 COMPONENTA CORPORATION Heikki Lehtonen President and CEO Further information: Heikki Lehtonen President and CEO tel. +358 10 403 00 |
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