2006 News Permira Funds and the VCP Group successful in public purchase offer for BorsodChem Budapest, December 18, 2006 – First Chemical Holding Vagyonkezelő Kft. (FCH), the bidder appointed by members of the lead investor Kikkolux Group (controlled by Permira Funds), and its partner Vienna Capital Partners (VCP) Group, has successfully completed its public purchase offer for all shares of BorsodChem Nyrt. (BorsodChem). 19.12.2006   Permira Funds and the VCP Group’s public purchase offer for BorsodChem First Chemical Holding Vagyonkezelő Kft. (FCH), the bidder appointed by members of the lead investor Kikkolux Group (controlled by Permira Funds), and its partner Vienna Capital Partners (VCP) Group, has successfully completed its public purchase offer for all shares of BorsodChem Nyrt. (BorsodChem). 19.12.2006   Permira Fund, VCP acquire combined 92.9pc of BorsodChem in buyout offer Budapest, December 19, 2006 (MTI-ECONEWS) - First Chemical Holding, a Hungarian purchase vehicle set up by private equity fund Permira announced late on Monday that it was offered a total of 54,824,577 BorsodChem shares in a public buyout offer closed on December 15. First Chemical Holding offered HUF 3,000 per BorsodChem share in the public buyout offer it made on behalf of Permira-Fund-member Kikkolux Group and the Austrian company Vienna Capital Partners (VCP). VCP currently holds 21.5pc of BorsodChem shares, and will acquire a 13pc stake in First Chemical Holding on successful completion of the offer. 19.12.2006   Successful public purchase offer for BorsodChem First Chemical Holding Vagyonkezelő Kft. (FCH), the bidder appointed by members of the lead investor Kikkolux Group (controlled by Permira Funds), and its partner Vienna Capital Partners (VCP) Group, has successfully completed its public purchase offer for all shares of BorsodChem Nyrt. (BorsodChem). With the successful completion of the purchase offer, Kikkolux Group and VCP Group have acquired a joint influence of 92.9% over BorsodChem. This control level already reflects the decrease of the registered capital of the company which was approved by the extraordinary general meeting of BorsodChem on October 13, 2006 and which will be registered by the Company Court early 2007. 19.12.2006   BorsodChem shares could be delisted as soon as January Budapest, November 14, 2006 (MTI-ECONEWS) - The delisting of shares of Hungarian chemicals company BorsodChem and its transformation into a closed company could start as soon as January, Heinrich Pecina of Vienna Capital Partners (VCP), one of the investors making a buyout offer for BorsodChem, told a press conference in Budapest on Tuesday. 16.11.2006   BorsodChem: Cash before Christmas, squeeze-out in January Permira and VCP, the owners of the bidder company held a press conference yesterday about the BorsodChem offer, which is well underway. 16.11.2006   Österreicher machen Kasse in Ungarn Der ungarische Chemie-Riese Borsodchem wird an britische Finanzinvestoren verkauft. 16.11.2006   Permira Funds to proceed with public purchase offer for BorsodChem after receiving regulatory approval Budapest, November 7, 2006 — First Chemical Holding Vagyonkezelő Kft. (FCH), the bidder appointed by members of the Kikkolux Group, and the Vienna Capital Partners (VCP) Group, has today published the final documents for its public purchase offer for all shares of BorsodChem Rt. after receiving approval for the offer from the Hungarian Financial Supervisory Authority. In accordance with the approved documentation, the acceptance period in FCH’s purchase offer starts on November 9 and ends on December 15, 2006. 07.11.2006   VCP agreed to remain in BorsodChem after takeover by Permira Funds Budapest, 20 September 2006 — VCP Capital Partners (VCP) announces that First Chemical Holding, a fully-owned subsidiary of Permira Funds, which intends to acquire all shares in BorsodChem in a public purchase offer, yesterday filed the documentation of a public purchase offer for all BorsodChem shares with the Hungarian Financial Supervisory Authority (HFSA). Following a statutory approval period, First Chemical Holding is expected to be in a position to be granted approval by the HFSA, with the offer acceptance period starting thereafter. 20.09.2006   Permira maintains plan to buy BorsodChem of Hungary Permira Advisers LLP, a UK buyout company planning to purchase BorsodChem Nyrt, said it finished studying BorsodChem's books and still planned to make a public offer for the company's shares.Permira plans to make the bid through Kikkolux S.ar.l., its Luxembourg-based unit. Kikkolux maintained its intention to bid for the shares in the Hungarian PVC maker after the “positive findings” of the examination, BorsodChem said in a stock exchange statement today. The bid will depend on the outcome of talks on financing, the statement said. “We concluded the due diligence positively,” Thomas Jetter, the head of Permira's chemical division, said in a phone interview. “We confirmed BorsodChem's business plan.” 05.09.2006   Permira plans to delist BC from the Budapest Stock Exchange if it manages to obtain 90% of the company. New owner Permira to support BC’s long-term strategy If the envisaged transaction is realized, BC will be the largest company ever delisted from BSE. Kikkolux, a Luxembourg-based company wholly owned by Permira, announced the option deal concluded with major owners Firthlion Limited and VCP last Friday. The option valid until 31 October enables Permira to acquire 52% of BC at a share price of HUF 3,000. Depending on the result of due diligence, Permira is ready to make a public buyout offer at the same share price to gain full control over BC. 13.07.2006   BorsodChem to sell at HUF 3,000 – One of Europe’s largest private equity firms in the backyard The two major owners of BorsodChem signed an option deal at a share price of HUF 3,000 with Permira, one of Europe’s largest private equity firms. The fund recently collecting EUR 10 bn will decide whether to call the option until end-October this year. If Permira wants to buy BC, it has to submit its purchase offer by this date. 11.07.2006   Permira enters into option agreements with major shareholders Budapest, 7 July 2006. – The Board of Directors of BorsodChem hereby announces that it received a letter yesterday in which Kikkolux, a company fully owned by Permira Funds, which with a capital of more than EUR 20 billion, constitutes to be the largest private equity firms in Europe, informed the board of its potential intention to make a takeover bid for the ordinary shares of the company. 10.07.2006   UK private equity fund Permira makes takeover bid for Hungarian chemical firm BorsodChem Hungarian chemicals firm BorsodChem (BC) announced on Friday that UK-based private equity fund Permira has indicated its potential intention to make a takeover bid for the ordinary shares of BC. 10.07.2006   Gugler in for Kovacs at Borsod Kay Gugler has been named chief executive of BorsodChem, Hungary's largest chemical group and one of its leading listed companies. Mr Gugler, 50, replaces Laszlo Kovacs, 64, who surprised observers by abruptly announcing his resignation shortly before the company's annual meeting on April 28. 03.05.2006   HUNGARY-COMPANIES-BORSODCHEM-STRATEGY Hungary's top chemical firm BorsodChem plans EUR 500 mln investments through 2012 BUDAPEST. APRIL 28. INTERFAX CENTRAL EUROPE – Hungary's top chemical firm BorsodChem (BC) is planning capacity investments totaling EUR 500 mln through 2012 under a new long-term strategy unveiled by the company on Friday, whereby BC plans to become a European leader in the production of specialty chemicals such as TDI and MDI... 01.05.2006   New leader with BorsodChem The Board of Directors of BorsodChem Rt at its meeting today appointed Mr Kay Gugler as the new CEO of BorsodChem, terminated Mr Kovács’s employment relationship as chief executive officer of BorsodChem with mutual consent and consequently accepted his resignation from his membership of the Board. 24.04.2006   BorsodChem projects 20pc revenue increase in 2006 Budapest, February 14, 2006 (MTI-ECONEWS) - Hungarian chemicals company BorsodChem projects consolidated sales revenue in excess of HUF 200bn in 2006, an increase of 20pc over 2005, compared to last year's revenue rise of 17.6pc, CEO F Laszlo Kovacs said on Tuesday, after the publication of BorsodChem's annual report for 2005. 21.02.2006
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