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[January 2009]
Approval for Semmelrock and Ebenseer JV in Austria
The management of Semmelrock International, a 75% subsidiary of Wienerberger AG (Vienna, Austria), have received the approval of cartel authorities for the combination of Ebenseer and Semmelrock paver activities in Austria – to be named Semmelrock Ebenseer Baustoffindustrie GmbH & Co KG.
"We welcome the positive decision and the release of the planned joint venture. This transaction not only represents a strategic step to improve competitive ability and bundle expertise. It also means even better service for our customers through the extension of our product offering and the optimisation of the plant network and key corporate functions such as sales, distribution and logistics," commented Johann Windisch, responsible member of the Managing Board of Wienerberger AG, and Robert Holzer, Managing Director of Semmelrock International, on the results of the cartel examination.
ENDS