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FLSmidth is continuously negotiating many potential contracts. To be considered binding, such contracts require not only signing but also exchange of down payment and guarantees.


Ludowici shareholders approve FLSmidth offer

31.05.2012

Company Announcement to the Danish Financial Supervisory Authority No. 27-2012, 31 May 2012

FLSmidth is pleased to announce that the shareholders of Ludowici have today approved the proposed Scheme of Arrangement whereby FLSmidth will acquire all the shares in Ludowici.

FLSmidth and Ludowici have also now received all of the regulatory approvals (including Australian approvals from the ACCC and FIRB) required for the Scheme of Arrangement. 

Ludowici will, in accordance with Australian law, apply for court approval at the second court hearing where the Scheme of Arrangement shall be finally approved. The hearing is expected to be held on 8 June 2012.

Closing of the transaction, which remains subject to a number of customary conditions, is expected to occur in July.

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For further information about FLSmidth, please visit www.flsmidth.com.

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations