COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES
03/08/2023 12:41
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12:40 London, 14:40 Helsinki, 3 August 2023 - Afarak Group SE ("Afarak"
or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
COMPETITION AUTHORITIES APPROVE THE COMBINATION WITH LL RESOURCES
Stock Exchange Release
Following the merger control applications in relation to combination of Afarak
and LL-Resources GmbH, Austrian Federal Competition Authority and German
Federal Cartel Office have granted necessary clearances and approvals so that
the Transaction can be executed. Furthermore, Austrian Federal Ministry of
Labour and Economy (Bundesministerium für Arbeit und Wirtschaft) has given
FDI clearance and approval for the Transaction pursuant to the Austrian
Investment Control Act.
The combination of Afarak and LL-Resources GmbH is moving along as planned and
the Transaction is expected to be completed by the end of the year 2023.
Helsinki, August 3, 2023
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Roman Lurf, CEO, +436641135012, Roman.Lurf@afarak.com
Financial reports and other investor information are available on the
Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable
growth with a Speciality Alloys business in southern Europe and a
FerroAlloys business in South Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
www.afarak.com