COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES
03 Agosto 2023 - 8:41AM
COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES
12:40 London, 14:40 Helsinki, 3 August
2023 - Afarak Group SE ("Afarak" or "the Company")
(LSE: AFRK, NASDAQ: AFAGR)
COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL
RESOURCES
Stock Exchange Release
Following the merger control applications in relation to
combination of Afarak and LL-Resources GmbH, Austrian Federal
Competition Authority and German Federal Cartel Office have granted
necessary clearances and approvals so that the Transaction can be
executed. Furthermore, Austrian Federal Ministry of Labour and
Economy (Bundesministerium für Arbeit und Wirtschaft) has given FDI
clearance and approval for the Transaction pursuant to the Austrian
Investment Control Act.
The combination of Afarak and LL-Resources GmbH is moving along
as planned and the Transaction is expected to be completed by the
end of the year 2023.
Helsinki, August 3, 2023
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Roman Lurf, CEO, +436641135012, Roman.Lurf@afarak.com
Financial reports and other investor information are available
on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on
delivering sustainable growth with a Speciality Alloys business in
southern Europe and a FerroAlloys business in South
Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the
Main Market of the London Stock Exchange (AFRK).
Distribution:NASDAQ HelsinkiLondon Stock ExchangeMain
media
www.afarak.com
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