Eisen- und Hüttenwerke AG
Eisen- und Hüttenwerke AG: Restructuring measures
Eisen- und Hüttenwerke AG / Key word(s): Restructure of Company 08.02.2013 10:01 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Executive Board of ThyssenKrupp Steel Europe AG (Steel Europe), majority shareholder of Eisen- und Hüttenwerke AG (EHW), today informed the Executive Board of EHW about the open-ended review and development of concrete operational and strategic adjustments in the Steel Europe business area in connection with the 'Best in Class reloaded' performance program. These also include concrete options (e.g. closure, relocation or sale of business units and facilities) involving options for the cold-rolling and coating plant in Neuwied and the grain-oriented electrical steel products of ThyssenKrupp Electrical Steel which are part of the EHW group of subsidiaries. Measures resulting from this may affect the minority dividend paid under stock corporation law by Steel Europe to EHW under the existing profit transfer agreements and this would also affect the dividend distributed by EHW to its shareholders. The 'Best in Class (BiC) reloaded' optimization program of Steel Europe is a forceful step involving operational and structural adjustments aimed at improving the competitiveness of ThyssenKrupp's European steel operations in a difficult market environment and achieving the profitability and capital efficiency required by the Group. Andernach, February 8, 2013 Eisen- und Hüttenwerke Aktiengesellschaft Contact Alexander Wilke ThyssenKrupp AG, Corporate Communications Phone +49 (201) 844-536043 Fax +49 (201) 844-536041 E-mail: press@thyssenkrupp.com Dr. Claus Ehrenbeck ThyssenKrupp AG, Investor Relations Phone: +49 (201) 844-536464 Fax: +49 (201) 844-536467 E-mail: ir@thyssenkrupp.com 08.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Eisen- und Hüttenwerke AG Koblenzer Straße 141 56626 Andernach Germany Phone: +49-02632-3095-25 Fax: +49-02632-3095-26 E-mail: ehw@ehw.ag Internet: www.ehw.ag ISIN: DE0005658009 WKN: 565800 Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (General Standard), Stuttgart; Freiverkehr in Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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