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    DGAP-News  1486  0 Kommentare Pyrolyx AG: Merger in the Recovered Carbon Black Market


    DGAP-News: Pyrolyx AG / Key word(s): Investment/Merger
    Pyrolyx AG: Merger in the Recovered Carbon Black Market

    12.02.2015 / 14:03

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    Merger in the Recovered Carbon Black Market

    Pyrolyx AG and carbon clean tech AG have agreed trough a Non-Binding Term
    Sheet to the Essential Details of a Planned Merger

    - Through the planned merger Pyrolyx AG will become the world's largest
    producer of recovered carbon black (rCB) from post-consumer rubber &
    tires

    - 10 M Euros investment volume through Pyrolyx AG into research and
    development, production and sales

    - Expansion of cct's industrial-scale rCB plant through the building of a
    complimentary production facility with Pyrolyx-patented technology

    Munich and Potsdam, 12.02.2015

    Pyrolyx AG and carbon clean tech AG (cct AG) announce the planned merger of
    the two European market leaders in the production of recovered carbon black
    (rCB), detailed in a non-binding term sheet signed today. The planned
    merger will strengthen capabilities for production, research and
    development and sales of a critical component of sustainable polymers. rCB
    is produced from post-consumer rubber & tires instead of oil and is a
    cost-effective, sustainable alternative to traditional carbon black for a
    variety of plastics and rubber applications, including rubber compounds for
    tires.

    A significant component of the transaction is that cct Stegelitz GmbH, a
    fully owned subsidiary of cct AG, will be incorporated into Pyrolyx AG by
    way of a capital increase. In exchange cct AG will receive shares
    corresponding to a share of 16.6% of the share capital of Pyrolyx AG.
    Furthermore, the total value of cct Stegelitz GmbH will be compensated with
    an additional cash component. Through this agreement, cct founders and
    shareholders will remain committed to, and involved in continuing to build
    the combined company.

    Pyrolyx AG is a Munich-based company specializing in practical and applied
    research in environmental technology, including a unique process that
    enables rCB production from commercial rubber granules from post-consumer
    tires. cct AG, based in Saxony-Anhalt and Potsdam, Germany, is the leading
    European producer of rCB, with an industrial production facility in
    Stegelitz near Magdeburg, serving customers since 2012.

    The term sheet has been agreed upon by all cct shareholders and the Pyrolyx
    AG Supervisory Board. Completion of the transaction is scheduled for end of
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    DGAP-News Pyrolyx AG: Merger in the Recovered Carbon Black Market DGAP-News: Pyrolyx AG / Key word(s): Investment/Merger Pyrolyx AG: Merger in the Recovered Carbon Black Market 12.02.2015 / 14:03 --------------------------------------------------------------------- Merger in the Recovered Carbon Black Market …