Tessenderlo Group : Tessenderlo Group completes sale of continental European Profiles activities

 Tessenderlo Group : Tessenderlo Group completes sale of continental European
                             Profiles activities

Tessenderlo Group (NYSE Euronext: TESB) announced today that it has  completed 
the sale of its continental European Profiles activities to OpenGate  Capital, 
a global private investment company.

On August 29 2012, the group announced its intention to divest the continental
European Profiles  activities. Information  and consultation  procedures  were 
subsequently successfully completed.

This divestment  is in  line with  Tessenderlo Group's  strengthened focus  on 
specialty products  and services  in  the areas  of food,  agriculture,  water 
management and valorizing bio-residuals.

The continental  European  Profiles activities,  known  under the  brand  name 
Profialis, include  production  facilities  in France  (Clerval)  and  Belgium 
(Oeselgem), distribution centers in Hungary  and Poland, and employ more  than 
300 people.

Tessenderlo  Groupis  a   worldwide  specialty  company,   focused  on   food, 
agriculture, water  management  and  on valorizing  bio-residuals.  The  group 
employs about 7,500  people and is  a leader in  most of its  markets, with  a 
consolidated revenue of  2.1 billion EUR  in 2011. Tessenderlo  Chemie NV  is 
listed on NYSE Eurolist by Euronext Brussels  and is part of Next 150 and  BEL 
Mid indices. Financial News  wires: Bloomberg: TESB BB  - Reuters: TesBt.BR  - 
Datastream: B:Tes

For  more   information   about   OpenGate   Capital   LL   ,   please   visit 
www.opengatecapital.com .

Media Relations          Investor Relations
Kathleen IWENS           Philip LUDWIG
Tel: +32 (0) 478 664 555 Tel: +32 2 639 16 58

This press release is available in Dutch, French and English on the corporate
website www.tessenderlogroup.com - under 'News & Media'

To read the full press release in English, click here
Hier kan je het volledige bericht in het Nederlands lezen
Pour lire le communiqué de presse complet en Français, cliquez ici

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Source: Tessenderlo Group via Thomson Reuters ONE
HUG#1674828
 
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