16OG Akbank 5.000% A

RNS Number:5367H
Perstorp AB
20 March 2000


Perstorp engaged in negotiations regarding acquisitions and alliances

Against the background of the trend in the Perstorp share price during the past
few days and speculation about the Company in the daily press, Perstorp AB has
decided to issue the following statement.

Perstorp AB is currently engaged in negotiations with several companies and
potential partners regarding acquisitions and alliances. The negotiations are
fully in line with the strategy of the Company, as illustrated by the following
comment by President and CEO Ake Fredriksson in Perstorp's recently published
Annual Report.

"Our strategy of focusing the Group on the chemical sector and exchange-listing
our flooring operations also includes an ambition to create increased growth
through acquisitions and alliances. Both Perstorp Chemicals and Perstorp
Flooring need to expand if they are to continue to assert themselves in their
respective markets and be perceived as attractive investments in capital
markets.

The Group has a financial capacity of some SEK 5 billion with which to acquire
operations following the sale of Perstorp Surface Materials. We are currently
evaluating a number of acquisition targets and alliances and are prepared to
work on structural changes that will create value for the shareholders and
strengthen our market positions."

To date, none of the current negotiations have reached a stage that would
warrant the issue of information to the capital market.

Perstorp will release such information as soon as any significant results have
been achieved.

March 20, 2000

Perstorp AB
Corporate Communications

For further information, contact Ake Fredriksson (Tel: +46-435 381 59)

END

MSCKGGZFNGNGGZG

Akbank 5.000% A (LSE:16OG)
Historical Stock Chart
From May 2024 to Jun 2024

Akbank 5.000% A (LSE:16OG)
Historical Stock Chart
From Jun 2023 to Jun 2024