Reuters: Deals: B&C makes offer for Austrian AMAG stake: paper

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B&C makes offer for Austrian AMAG stake: paper Mar 15th 2012, 08:23 VIENNA | Thu Mar 15, 2012 4:23am EDT VIENNA (Reuters) - B&C Industrieholding has offered to buy a 29.9 percent stake in Austrian aluminum group AMAG (AMAV.VI) from One Equity Partners for 19 euros plus a dividend of 1.50 euros per share, the Oberoesterreichische Nachrichten newspaper reported. The paper did not cite its sources for the report on Thursday. It said regional lender Raiffeisenlandesbank Oberoesterreich planned to increase its 11.5 percent AMAG stake by four to six percentage points. B&C, which owns Austrian cellulose fibres group Lenzing (LENV.VI), declined to comment. AMAG's main owner is CP Group 3, a joint venture between One Equity Partners (OEP) and Constantia Packaging, with a stake of over 34 percent. OEP is an affiliate of JPMorgan Chase (JPM.N). AMAG went public last year. Its shares opened up 0.7 percent at 19.19 euros.

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