EANS-News

Lenzing AG /

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Company Information

Lenzing - The Lenzing Group has reduced its equity stake in
EQUI-Fibres Beteiligungs-gesellschaft mbH, Kelheim from 45 to 20
percent. EQUI-Fibres is the sole parent company of Kelheim Fibres
GmbH, which manufactures viscose fibers at its plant in Kelheim,
Germany. EQUI-Fibres reported total revenue of EUR 162 mn in 2015.

This transaction represents the next logical step in the Lenzing
Group's implementation of its sCore TEN strategy. The buyer is a
company represented by its Managing Directors Peter Untersperger and
Gerald Schmidsberger. Untersperger is very familiar with both
EQUI-Fibres and the fiber industry.

On the basis of this transaction, the financial result of the Lenzing
Group for the current financial year is expected to increase by about
EUR 10-15 mn. The payment of the stipulated purchase price is to take
place starting in 2017.

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: [phone]
mailto:[e-mail]

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: official market: Wien
language: English