DGAP-News: Deutsche Rohstoff AG:
(firmenpresse) - DGAP-News: Deutsche Rohstoff AG / Key word(s): Disposal
Deutsche Rohstoff AG:
10.09.2012 / 16:34
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Deutsche Rohstoff AG sells further 15 per cent share in Rhein Petroleum
Cash payment of EUR 5 million
Heidelberg. Deutsche Rohstoff AG has sold a further 15 percent of its 25
percent share in Rhein Petroleum GmbH, Heidelberg, to Tulip Oil Holding
B.V., The Hague. The purchase price amounts to EUR 5 million, which is due
immediately. For the remaining holding of 10 percent, Tulip Oil will cover
75% (EUR 3 million) of DRAG'S investment obligations, leaving DRAG with
only EUR 1 million of committed investment. Tulip will be compensated for
the provided carry from earnings of Rhein Petroleum that are attributable
to DRAG and/or from proceeds of a sale of DRAG's remaining 10%. The
obligation to compensate Tulip will cease at 31 December 2021.
Dr. Titus Gebel, CEO of Deutsche Rohstoff AG, said: 'We expect large
investments in Rhein Petroleum over a relatively short period of time. The
now signed agreement gives us the opportunity to remain a significant share
shareholder without having to provide major funding. We expect that our
remaining share will grow its value significantly in the coming years.'
Heidelberg, 10. September 2012
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard
segment of Frankfurt Stock Exchange, is establishing a new primary
producer. The company's focus is placed on gold, oil&gas and so called
high tech metals such as tin, tungsten, and rare earth metals. All projects
are located in countries marked by political stability, the core area being
Germany. The business concept is based on redeveloping deposits, which have
been well explored in the past. For more information please visit
www.rohstoff.de.
Contact:
Thomas Gutschlag
+49 6221 871 000
gutschlag(at)rohstoff.de
End of Corporate News
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10.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: gutschlag(at)rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76
WKN: A0XYG7
Indices: Entry Standard (Performance TOP 30)
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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184800 10.09.2012
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Unternehmensinformation / Kurzprofil:
Datum: 10.09.2012 - 16:34 Uhr
Sprache: Deutsch
News-ID 181886
Anzahl Zeichen: 4343
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Kategorie:
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