- Governança Corporativa
- Investor Relation Contact
The Supervisory Board of RHI AG gave its approval to the resolutions proposed by the Management Board regarding the acquisition of a controlling stake of at least 46%, but no more than 50% plus one share of the share capital in Magnesita (the “Transaction”) at its meeting today. The Management Board of RHI AG is thus authorized to take all actions stipulated in the share purchase agreement and to make any declaration necessary in the context of implementing the share purchase agreement.
The completion of the Transaction is amongst others subject to (i) approvals by the relevant competition authorities, (ii) the migration of RHI to the Netherlands, (iii) the listing of RHI Magnesita’s shares in the premium segment of the Official List on the Main Market of the London Stock Exchange and (iv) RHI’s shareholders not having exceeded statutory withdrawal rights in an amount of more than € 70 million in connection with organizational changes preceding RHI’s migration from Austria. The migration and the preceding organizational changes in Austria require qualified approval by RHI’s shareholders’ meeting.