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H+H International A/S - Xella has appealed the Oberlandesgericht Düsseldorf’s decision to deny Xella access to appeal the court’s judgement

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Company Announcement No. 290, 2013

Copenhagen, Denmark, 2013-11-11 20:01 CET (GLOBE NEWSWIRE) --  

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com
CVR No. 49 61 98 12

 

Xella has appealed the Oberlandesgericht Düsseldorf’s decision to deny Xella access to appeal the court’s judgement

As previously announced Xella International Holdings S.à.r.l.’s (“Xella”) has shown interest in taking over H+H International A/S (“H+H”). The Bundeskartellamt (the German competition authority) decided on 14 March 2012 to prohibit a possible merger between Xella and H+H with regard to the German market. Subsequently, Xella appealed the prohibition decision to the Oberlandesgericht Düsseldorf (Düsseldorf Higher Regional Court), but the court rejected Xella’s objections against the Bundeskartellamt’s prohibition decision and the court furthermore denied Xella access to appeal the court’s judgement, cf. company announcement no. 289 of 25 September 2013.

H+H has today been notified by the Oberlandesgericht Düsseldorf that Xella has filed an appeal against the Oberlandesgericht Düsseldorf’s decision to deny Xella access to appeal the court’s rejection of Xella’s objections to the Bundeskartellamt’s prohibition decision.

It is estimated that the current appeal will be decided upon within 6-18 months. In case Xella wins the appeal and is granted access to appeal the Oberlandesgericht Düsseldorf’s rejection of Xella’s objections to the Bundeskartellamt’s prohibition decision, a judgement in the subsequent appeal case is expected within an additional 12-24 months.   

Regardless of the appeal, H+H will continue to execute its existing strategy, which includes pursuing structural opportunities that may arise in the markets.

 

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.

 

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