Sapa selected “stalking horse” in process to acquire Indalex

Sapa’s selection as the “stalking horse” bidder for the Indalex assets in the United States and Canada was approved by the respective bankruptcy courts yesterday.

In the event that competitive bids are received from other qualified bidders, a bankruptcy auction will be held around July 16, 2009. Final approval by the bankruptcy courts of Sapa’s agreement or the auction outcome is expected by July 21, 2009. A possible acquisition would also be dependent on necessary clearance from the competition authorities in the US and Canada.

Further information can be found in the press release dated 17 June, 2009.

For further information, please contact Bjørn Wiggen, President and CEO Sapa, telephone +46-70-953 08 53 or Marius Grønningsaeter, Senior Vice President Corporate Business, Sapa, telephone +47-90-51-90-77