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Demag Holding to sell Mannesmann Plastics Machinery

26/06/2006


Demag Holding of Luxembourg has agreed to sell Mannesmann Plastics Machinery, based in Munich, to its management and strategic investors represented by Chicago based Madison Capital Partners. The management of Mannesmann Plastics Machinery and Madison Capital Partners will purchase 100% of Mannesmann Plastics Machinery shares. The binding sale and purchase agreement was signed on Friday, May 26, 2006. A purchase price has not been disclosed. Financing for this transaction was arranged by HVB Group. Closing is expected to occur within 45 days.

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