Undertakings To Tender 33% Of La Rochette's Shares
7th January 2002
- Mondi, a subsidiary of Anglo American PLC, filed a public Offer, in cash,
for La Rochette with the French Stock Exchange Market Authorities on 2nd
January 2002.
- To date, the total number of undertakings (as long as Mondi is the highest
final cash bidder) to tender shares to Mondi's offer represents 33.26% of
the current issued and outstanding share capital of La Rochette and notably
includes the stakes of Paribas Affaires Industrielles, the unit trust AGF
Invest and the investment trust AGF Opera.
David Hathorn, Chief Executive Officer of Mondi Europe, said:
"The rapid support of major La Rochette shareholders demonstrates that our
offer reflects the full and fair value of La Rochette".
Mondi is being advised by Rothschild & Cie (Fran ois Henrot, Philippe
Lansade).
Enquiries:
Mondi
David Hathorn +27 82 893 68 17 / +43 66 44 11 21 76
Peter Oswald +43 1 795 074023 / +43 66 44 11 21 82
Anglo American
Edward Bickham +44 20 7698 8547
Marion Dixon +27 11 638 3001
Brunswick
Andrew Dewar 01 53 96 83 83
Patricia Perrier 01 53 96 83 83
This Offer and the distribution to the general public of the prospectus
remain subject to the approval of the French stock market autho
remain subject to the approval of the French stock market autho
Note for Editors:
Mondi encompasses the Forest Product activities of Anglo American. Mondi
generated a consolidated turnover of US$ 3.4 billion in 2000 and an
operating profit of US$ 456 million. Mondi is an international, integrated
forest products and packaging group. Mondi has operations and interests in
Europe and South Africa. Mondi's main activities are corrugated packaging,
industrial sacks and graphic paper. Mondi has around 115 plants throughout
Europe and is operating under the brands of:
- Mondi Packaging for corrugated packaging
- Frantschach for industrial sacks, barrier coated paper and flexible
packaging
- Neusiedler for uncoated woodfree paper
Mondi also holds a 50% stake in Aylesford Newsprint.
Anglo American PLC is one of the world's largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a
global leader in gold, platinum group metals and diamonds, with significant
interests in coal, base and ferrous metals, industrial minerals and forest
products. The Group is geographically diverse with operations in over 40
countries in Africa, Europe, South and North America and Australia. The
company is listed in London, Johannesburg and Switzerland.
(www.angloamerican.co.uk)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
