STOCKHOLM, Sweden, Aug. 2, 2002 (PRIMEZONE) -- The Board of Directors of Sapa has received the announcement indicating Elkem's intended public offer to acquire all shares, warrants and convertible debentures of Sapa. According to the announcement Elkem intends to file the formal offer document for distribution to Sapa shareholders on 12 August 2002.
Sapa's Board of Directors intends to form a view on the offer at its ordinary meeting on Monday 19 August 2002. The Board has engaged Deutsche Bank as financial advisor.
For further information please contact Bo Askvik, CFO, telephone +46-8- 459 59 18.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa has an annual turnover of approximately 12 billion SEK, with 6,600 employees all over Europe and in USA and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is listed on the A-list of Stockholmsborsen.
Further information about Sapa can be found on our web site www.sapagroup.com
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