EoW March 2010

corporatenews

Schaaf machines will continue

Chemicals company faces squeeze

Bremer develops and produces machines for the manufacture and repair of drawing die tools, offering individual software, knowledge and technical assistance. In the company’s largest takeover to date, Bremer has purchased the former Schaaf building, the capital and current assets, and retained some of the former workers. This move is in line with the company’s strategy to become a clearly structured technology company with international orientation. Bremer’s target is to further strengthen and develop to become a complete supplier for wire drawing companies, both in Germany and abroad, and to increase the turnover and revenue strength of the company by organic growth and international expansion. Schaaf was an established and renowned name in the wire industry. The Schaaf machine programme to process diamond and Compax drawing dies is said to remain the most comprehensive in the field of diamond drawing die tool manufacturing. Bremer will continue the service and supply of spare parts for Schaaf machines in cooperation with former Schaaf customers. Willi Bremer GmbH – Germany Fax : +49 2778 2190

On 2 nd February 2010, SKion GmbH informed Altana that it is holding 129,342,421 shares, representing around 95 per cent of the Altana shares. SKion also requested that Altana AG convene a shareholders meeting, pursuant to 327a section 1 of the German Stock Corporation Act (AktG). In this shareholders meeting a resolution on the transfer to SKion GmbH of the shares held by the remaining shareholders (in return for an appropriate cash compensation) could be passed (a so-called “squeeze out”). The move follows SKion’s voluntary public offers to Altana shareholders during November and December 2009 by which means, and by means of further acquisitions of shares, SKion GmbH had been continuously increasing its shareholding in Altana AG to the current percentage of ownership. Ms Susanne Klatten is the sole shareholder of SKion GmbH, and is also acting as vice chair of the supervisory board of Altana AG. The Altana group includes the Elantas electrical insulation division.

Altana AG – Germany Fax : +49 281 670 1114 Email : info@altana.com Website : www.altana.com

Email : bremer.willi@t-online.de Website : www.bremer-willi.de