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    Wienerberger AG  657  0 Kommentare Wienerberger consolidates ANC Private



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    Vienna (pta008/18.04.2014/09:00) - New appointments to foundation board trigger consolidation requirement - Status as special assets remain unaffected by consolidation

    Wienerberger AG today announced that the ANC Private Foundation will be fully consolidated by Wienerberger AG following new appointments to the foundation board. The ANC Private Foundation was founded in 2001 in connection with Wienerberger's focus on the core business, and non-core assets were successively transferred to this entity. Following the resignation of two board members, Bernd Braunstein, Head of Corporate Legal Services at Wienerberger AG, and Stefan Huber, Head of Corporate Treasury at Wienerberger AG, will now join the foundation board. Christian Nowotny will remain a member of this body.

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    Foundation board and Managing Board of Wienerberger AG agree on new structure for management of foundation assets Heimo Scheuch, Chief Executive Officer of Wienerberger AG, explained the background for this step: "According to its charter, the purpose of the ANC Private Foundation is to manage and invest the transferred assets carefully and profitably. The foundation's assets consist primarily of liquid and illiquid assets, which are administered effectively but do not require any major strategic management or operational development. The managing board of the ANC Private Foundation therefore approached us with a request to jointly work on a structure for the management of these assets. After a thorough examination, we agreed to move the foundation closer to Wienerberger AG and to realize this change with new appointments to the foundation board. These new appointments trigger the consolidation of the ANC Private Foundation by Wienerberger AG, which will take place during the second quarter of this year. Our next step will be to continue the prudent management of assets and to utilize and actively develop valuecreating opportunities."

    Balance sheet total of Eur 24.7 million at year-end 2013 The ANC Private Foundation had a consolidated balance sheet total of Eur 24.7 million as of December 31, 2013. The foundation's assets consist primarily of property, plant and equipment totaling Eur 13.2 million and securities and liquid funds of Eur 9.3 million. The property, plant and equipment are attributable to the subsidiary Mineralstoffverwertungsgesellschaft mbH, which operates landfills in Lower Austria, and to rented properties. The foundation had no bank or other financial liabilities as of the above balance sheet date, and sufficient provisions were created for restoration obligations.

    Wienerberger Group Wienerberger is the world's largest producer of bricks (Porotherm, Terca, Penter) as well as number one on the clay roof tile market (Koramic, TONDACH) in Europe and on the concrete paver market (Semmelrock) in Central-East Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the market leaders in Europe. With 214 plants, Wienerberger generated revenues of Eur 2,663 million and operating EBITDA of Eur 267 million in 2013.

    For additional information contact: Barbara Braunöck, Head of Corporate Communications Wienerberger T +43 1 601 92 - 10221 | communication@wienerberger.com

    If you do not wish to receive the Wienerberger newsletter any longer, send an e-mail with subject: "unsubscribe newsletter" to communication@wienerberger.com.

    Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under http://www.wienerberger.com/investor-relations/the-wienerberger-share/the-wienerberger-share/shareholder-structure.



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    emitter: Wienerberger AG address: Wienerbergstraße 11, 1100 Wien country: Austria contact person: Barbara Braunöck phone: +43 1 60192 10221 e-mail: communication@wienerberger.com website: www.wienerberger.com

    ISIN(s): AT0000831706 (share) stock exchanges: official trade in Vienna

    [ source: http://www.pressetext.com/news/20140418008 ]


    Verfasst von Pressetext (Adhoc)
    Wienerberger AG Wienerberger consolidates ANC Private New appointments to foundation board trigger consolidation requirement - Status as special assets remain unaffected by consolidationWienerberger AG today announced that the ANC Private Foundation will be fully consolidated by Wienerberger AG …

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