Danish engineering company FLSmidth receives regulatory clearances for the completion of its acquisition of thyssenkrupp’s mining business

Danish engineering company FLSmidth receives regulatory clearances for the completion of its acquisition of thyssenkrupp’s mining business

(PRESS RELEASE) COPENHAGEN, 23-Mar-2022 — /EuropaWire/ — FLSmidth (CPH: FLS), a Danish multinational engineering company, has announced that all regulatory clearances concerning its acquisition of the thyssenkrupp’s mining business have now been received. In addition to the approvals already in place, including, but not limited to, from Canada and Morocco, the company has now received green light for its acquisition from other major mining countries such as Australia, South Africa, Peru and Chile. All regulatory clearances to date have been without imposition of any competition related remedies.

FLSmidth Group CEO Mikko Keto commented: “Receiving regulatory clearances in such important mining countries – from both a mine production and a customer standpoint – marks a significant milestone in our journey to complete our acquisition of thyssenkrupp’s Mining business. The acquisition will contribute to FLSmidth’s ambition to strengthen our pit-to-plant service and equipment solutions, further improving what we can offer our customers”.

Pending the remaining authority approvals and satisfaction of conditions in the sale and purchase agreement with thyssenkrupp, the transaction is expected to close during the second half of 2022.

Contacts:

Investor Relations
Jannick Lindegaard Denholt, +45 21 69 66 57, jli@flsmidth.com
Therese Möllevinge, +45 41 37 16 38, tmo@flsmidth.com
Mikkel Johansen, +45 23 30 29 50, mjoh@flsmidth.com

Media Relations
Rasmus Windfeld, +45 40 44 60 60, rwin@flsmidth.com

About FLSmidth
FLSmidth provides sustainable productivity to the global mining and cement industries. We deliver market-leading engineering, equipment and service solutions that enable our customers to improve performance, drive down costs and reduce environmental impact. Our operations span the globe and we are close to ~10,100 employees, present in more than 60 countries. In 2021, FLSmidth generated revenue of DKK 17.6 billion. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. FLSmidth works within fully validated Science-Based Targets, our commitment to keep global warming below 1.5°C and to becoming carbon neutral in our own operations by 2030. www.flsmidth.com

SOURCE: FLSmidth