Business News

ALTANA: Annual General Meeting passes squeeze out resolution

Friday 02. July 2010 - - Stock exchange listing ends after entry into the Commercial Register - Dividend of 4 cent per share?

At the company’s Annual General Meeting in Duisburg the shareholders of the specialty chemicals Group ALTANA AG have approved the transfer of the remaining shares to the company’s main shareholder SKion GmbH. As of February 2, 2010, SKion holds 95.04 percent of the shares in ALTANA. Once the so called squeeze out, which has now been approved by the shareholders, has been entered into the Commercial Register, the remaining shares will be transferred to SKion in return for a cash compensation of €15.01 per share. Thereafter the trading of the ALTANA shares will be discontinued on the stock exchanges. ALTANA has been listed on the stock market for 33 years.

Furthermore, the Annual General Meeting has approved the dividend proposal made by the Management and Supervisory Boards. As a result, the shareholders receive a dividend of 4 cent per share for the past business year. The remaining income will be allocated to retained earnings.



This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.