Meyer Burger Technology Ltd published today that it was informed by the Antitrust Authorities of the Ministry of Commerce of the People’s Republic of China that the Chinese antitrust review process regarding the acquisition of Roth & Rau AG by Meyer Burger Technology Ltd has been extended.
The antitrust clearance by the Chinese authorities is the final condition that remains open in the public tender offer. Its fulfilment is part of the offer conditions. At this stage, Meyer Burger cannot comment on how long the extended review process by the Chinese antitrust authorities will take.
“We respect the decision of the Chinese antitrust authorities to extend the review. However, we have no information whatsoever that the authorities would have material concerns regarding the tender offer or the associated merging of the two companies. We are still convinced that Meyer Burger will successfully conclude the takeover of Roth & Rau AG”, said Peter Pauli, Chief Executive Officer of Meyer Burger Technology Ltd.
For further information please contact:
Michel Hirschi
Chief Financial Officer
Tel +41 (0) 33 439 05 98
ir@meyerburger.com
