MoreWienerberger AG recently announced its acquisition of the remaining 25% stake in Semmelrock International, a leading supplier of exclusive concrete pavers in Austria and Central and Eastern Europe. Wienerberger has held a 75% stake in the company since 1996, while the remaining shares were owned by private foundations that have decided to sell their holdings.
The purchase price will involve €7 million (~ $9,711 million) in cash and the transfer of 1 million Wienerberger shares from the treasury stock currently held by Wienerberger AG. Accordingly, the acquisition is subject to a two-week waiting period under Austrian stock corporation law and to subsequent approval by the Supervisory Board.
For additional details, visit www.Wienerberger.com.
The purchase price will involve €7 million (~ $9,711 million) in cash and the transfer of 1 million Wienerberger shares from the treasury stock currently held by Wienerberger AG. Accordingly, the acquisition is subject to a two-week waiting period under Austrian stock corporation law and to subsequent approval by the Supervisory Board.
For additional details, visit www.Wienerberger.com.
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