Potential sale of the chinese division of Vimetco NVMon, 10/17/2016
Amsterdam, 17 October 2016 – The Board of Directors of Vimetco N.V. (“Vimetco” or the “Company”) (LSE: VICO) announces that the Company is in discussion with a potential buyer about the possible sale of its entire stake in the entities that hold the Company's main aluminium producing operations in China. The discussion is at an early stage.
There can be no certainty that this discussion will result in a transaction, nor as to the terms of any such transaction. A further announcement will be made in due course.
This announcement contains inside information.
For further information please contact:
Investor Relations Officer
Phone +40 750 067 717
Vimetco N.V. is a global, vertically integrated producer of primary and processed aluminium products with production assets in China, Romania and Sierra Leone, and a holding company in The Netherlands. Vimetco N.V. controls annual production capacities of up to one million tonnes of electrolytic aluminium, 340,000 tonnes of processed aluminium products, 600,000 tonnes of alumina, 1.7 million tonnes of bauxite, 2.25 million tonnes of coal, 3 x 300 MW of electricity and 318,000 tonnes of baked anodes per year. Vimetco’s global depositary receipts are listed on the London Stock Exchange (LSE: VICO).
Certain statements in this document are not historical facts and are "forward looking". Forward looking statements include statements concerning the Company's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, its competitive strengths and weaknesses, plans or goals relating to development projects, financial position and future operations and development, its business strategy and the trends the Company anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward looking statements. The Company does not intend and the Company does not assume any obligation to update any forward looking statement contained herein, other than as required by applicable law.