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Alcan's offer accepted

03-Dec-2003

Alcan has announced that the provisional results of its offer for French packaging group Pechiney, as disclosed by the French stock market authority AMF, indicate that Alcan has secured 92.21 per cent of Pechiney's total share capital. An announcement from the AMF confirming the definitive results of the offer is expected on Friday.

Assuming that the definitive results confirm those announced provisionally, a subsequent offering period will be open for at least 10 French trading days in accordance with the offer. The timing of the subsequent offering period will be announced by the AMF following the release of the final results.

Alcan has filed with the US Securities and Exchange Commission (SEC) a registration statement to register the Alcan Common Shares to be issued in the US offer, including related tender/exchange offer materials. Investors and holders of Pechiney securities can obtain a free copy of the registration statement, the documents incorporated by reference therein and the related tender/exchange offer materials at the SEC's website .

 

The US offer is only open to holders of Pechiney securities (other than Pechiney American Depositary Shares or ADSs) who are located in the United States and Canada and to all holders of Pechiney ADSs, wherever located. Alcan's separate French offer is not being made in the United States or Canada.

 

Alcan is a multinational company operating in the field of aluminum packaging and recycling. The firm Alcan employs 54,000 people and has operating facilities in 42 countries.

 

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