WORLDMAP

Schoeller-Bleckmann Oilfield Equipment AG: AVZ buys 840,000 shares

 
Ternitz, March 8, 2005. AV-Z Vermögensverwaltung GmbH (AVZ) has  acquired  840,000 shares of Schoeller-Bleckmann Oilfield Equipment AG (SBO) under a block trade. The seller in this block trade was Berndorf AG.
 
AV-Z acquired an interest in SBO of appr.  6.5 percent of SBO, while Berndorf holds more than 50 %. The rest of the shares is held by the free float.
 
 
Schoeller-Bleckmann Oilfield Equipment AG is the global leader for high-precision components for the oilfield service industry. The business focus is on non-magnetic drillstring components for directional drilling. Worldwide, SBO employs a workforce of 837 (December 31, 2003: 800), currently 211in the company headquarters at Ternitz, Lower Austria, and 435 in North America (including Mexico).
 
 
For information please contact:
Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext. 110, fax: ext. 101
 
Mick Stempel, Hochegger|Financials
Tel:+43 1/504 69 87 ext. 85

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Contact

Schoeller-Bleckmann

Oilfield Equipment AG


Hauptstraße 2
A-2630 Ternitz


Tel.: +43 (0)2630 315-253
Fax: +43 (0)2630 315-101


E-Mail:

investor.relations@sbo.co.at

media.relations@sbo.co.at


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