11th Jan 2008 10:09
Cookson Group PLC11 January 2008 11 January 2008 PROPOSED SALE OF FOSECO'S CARBON BONDED CERAMICS BUSINESS TO EXPEDITE ANTI-TRUSTCLEARANCES Cookson Group plc ("Cookson"), a leading materials science company, announcesthat today, a conditional agreement was entered into to sell Foseco plc's ("Foseco") Carbon Bonded Ceramics business ("CBC") to companies owned by RHI AG.The CBC business had revenue of approximately £20 million for the year ended 31December 2006 and gross assets of approximately £9 million as at 31 December2006. Completion of the transaction is conditional, amongst other things, on theacquisition of Foseco by Cookson, which is expected to be completed in the firsthalf of 2008. When the proposed acquisition of Foseco by Cookson was announced on 11 October2007, it was stated that completion was conditional, amongst other things, onreceipt of anti-trust clearances in the US and EU. The intention to dispose ofFoseco's CBC business, in order to expedite these clearances, was announced atthat time. Progress in relation to the proposed acquisition of Foseco is continuing inaccordance with the announcement made on 18 December 2007. - Ends - For further information please contact Shareholder/analyst enquiries: Cookson Group plc Anna Hartropp, Investor Relations Manager Tel: +44 (0)20 7822 0000 Media enquiries: Hogarth PartnershipJohn Olsen Tel: +44 (0)20 7357 9477 About Cookson Group plc Cookson Group plc is a leading materials science company operating on aworldwide basis in Ceramics, Electronics and Precious Metals markets. The Ceramics division is the world leader in the supply of advanced flow controlrefractory products and systems to the global steel industry and a leadingsupplier of specialist ceramics products to the glass, solar and foundryindustries. It is also the regional leader in the US, UK and Australia in thesupply and installation of monolithic refractory linings. The Electronics division is a leading supplier of advanced surface treatment andplating chemicals and assembly materials to the automotive, industrial,construction and electronics markets. The Precious Metals division is a leading supplier of fabricated precious metals(primarily gold, silver and platinum) to the jewellery industry in the US, theUK, France and Spain. Products include alloy materials, semi-finished jewellerycomponents and finished jewellery. Cookson Group plc, 165 Fleet Street, London EC4A 2AE Registered in England and Wales No. 251977 www.cooksongroup.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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