| Thu 6 Jun 2002, 0:00 | | ANGLO AMERICAN PLC - PROVISIONAL RESULTS OF THE JO |
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INTERNATIONAL B.V., MONDI INTERNATIONAL S.A. AND LR INVESTMENTS B.V. FOR LA
ROCHETTE
ANGLO AMERICAN PLC
JSE code: AGL
ISIN code: GB0004901517
Provisional results of the joint offer by Saica International B.V., Mondi
International S.A. and LR Investments B.V. for La Rochette
97.1% of shares tendered
The Conseil des Marchs Financiers (CMF) announced yesterday that, following
the closing of the offer by Saica International B.V., Mondi International
S.A. and LR Investments B.V., a Dutch company equally controlled by Saica
and Mondi, 97.1% of La Rochette`s share capital and voting rights, on an
undiluted basis, have been tendered (95.1% on a fully diluted basis).
Furthermore, 99.5% of La Rochette`s 1988/2003 convertible bonds have also
been tendered.
Commenting on the provisional results of the offer, Saica and Mondi said,
"We are delighted that La Rochette`s shareholders have responded positively
to our offer. This transaction will allow Saica and Mondi to expand their
respective geographical coverage, whilst each La Rochette site will be
integrated within an international group, securing the most favourable
prospects for growth."
Saica is advised by SG Investment Banking. Mondi is advised by Rothschild &
Cie.
6th June 2002
Enquiries:
Brunswick (representing Mondi)
Andrew Dewar +33 1 53 96 83 83
Patricia Perrier +33 1 53 96 83 83
Note for Editors:
SAICA (Sociedad Anonima Industrias Celulosa Aragonesa) is a family-owned
group whose capital has been held by the founders and their families since
its creation in 1943. Saica, whose estimated turnover in 2001 is __ 921
million, is the Spanish leader in the corrugated packaging sector and fourth
in Europe for corrugated packaging paper.
Mondi encompasses the Forest Product activities of Anglo American. Mondi
generated a consolidated turnover of US$ 4.2 billion in 2001 and an
operating profit of US$ 522 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.
The offer
On 15th March 2002, Saica and Mondi, through their equally controlled
subsidiary LR Investments B.V., launched a joint bid for La Rochette of
12.24 euros per share and 13.47 euros per 4.5% 1988/2003 convertible bond,
valuing La Rochette at 317 million euros.
The Board of La Rochette unanimously recommended this offer, considering
that it secured long-term employment, protected the company`s activities and
provided it with attractive growth prospects.
The success of this offer allows Saica to extend its geographical coverage
in France, where it operates throughout the country, except for the region
north of Paris. At the same time, it enables Mondi to reinforce its position
in the UK and Belgium and to expand its presence in the north, south and
west of France.
Date: 06/06/2002 10:02:00 AM Produced by the SENS Department
