H+H International A/S - Outcome of oral hearing in the appeal case concerning Xella’s pre-merger notification of a possible merger with H+H

Company Announcement No. 288, 2013

Copenhagen, Denmark, 2013-08-28 12:23 CEST (GLOBE NEWSWIRE) --  

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

Outcome of oral hearing in the appeal case concerning Xella’s pre-merger notification of a possible merger with H+H 

Reference is made to prior company announcements concerning Xella International Holdings S.à.r.l.’s (“Xella”) interest in taking over H+H International A/S (“H+H”) and Xella’s pre-merger notifications to relevant competition authorities in that regard, as well as the Bundeskartellamt's (the German competition authority) decision of 14 March 2012 to prohibit a possible merger between Xella and H+H with regard to the German market and Xella’s subsequent appeal of the prohibition decision to the Oberlandesgericht Düsseldorf (Düsseldorf Higher Regional Court).

As informed in the interim financial report for H1 2013 (cf. company announcement No. 287 of 22 August 2013) the first oral hearing in the appeal case before the Oberlandesgericht Düsseldorf was held today.

The court informed that its decision will be rendered at a court meeting to be held on 25 September 2013. The hearing today did not provide an indication as to what the court's decision will be. H+H will inform about the decision when it has been rendered.

Regardless of the pending court case between Xella and the Bundeskartellamt, H+H will continue to pursue its strategy on a stand-alone basis.

Kent Arentoft
Chairman of the Board of Directors

Michael T Andersen
CEO

For additional information please contact:
Michael T Andersen, CEO, or Niels Eldrup Meidahl, CFO, on telephone +45 35 27 02 00.

This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text will take precedence.