Aurubis AG
Norddeutsche Affinerie AG: Negotiations on Yanggu project terminated
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Negotiations on Yanggu project terminated
Hamburg, 13 April 2006. Norddeutsche Affinerie AG (NA) has terminated the
negotiations about a joint venture project in China. ‘We regret that it was
not possible to reach an agreement with the Chinese partners on key issues
in the project“, said NA’s Chief Executive Officer, Dr Werner Marnette.
On 14 December 2005 representatives of NA, the Chinese Yanggu Hongxiang
Investment Co., Ltd. (HX) and Shandong Fengxiang (Group) Co., Ltd. (SF)
signed a Letter of Intent (LOI). Based on the LOI, discussions were held on
a participation by NA in the construction of a copper smelter with
integrated power plant and a rod plant in Yanggu, Shandong Province.
‘Regardless of this decision, China and Asia will in future still be
highly-interesting growth markets for NA“, emphasised the CEO.
Marnette stressed that NA’s internationalisation continued to be the
strategic target. ‘We currently have several growth options which offer us
excellent opportunities.“
(c)DGAP 13.04.2006
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language: English
emitter: Norddeutsche Affinerie AG
Hovestraße 50
20539 Hamburg Deutschland
phone: +49 (0)40 78 83-0
fax: +49 (0)40 78 83-22 55
email: m.kartenbeck@na-ag.com
WWW: www.na-ag.com
ISIN: DE0006766504
WKN: 676650
indexes: MDAX
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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