SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated March 14, 2003
Commission File No. 1-14110
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PECHINEY
(Name of Registrant)
7, Place du Chancelier Adenauer
75218 Paris Cedex 16
France
(Address of Principal Executive Offices)
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Indicate by check mark whether the registrant files or will file annual
reports under cover of Form-20-F or Form 40-F:
Form 20-F: |X| Form 40-F: |_|
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
Yes: |_| No: |X|
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: |_| No: |X|
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes: |_| No: |X|
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- __________
Enclosure: A press release dated March 13, 2003, announcing the rejection of
Corus' application to authorize the sale of aluminium conversion
business by an Amsterdam Court
PRESS RELEASE
[GRAPHIC OMITTED]
March 13, 2003
Amsterdam Court rejects Corus' application
to authorize sale of aluminium conversion business
Pechiney regrets to announce that Corus Group plc has informed it that the
Amsterdam Enterprise Court has today rejected its application to overrule the
decision of the board of Supervisory Directors of its Dutch Subsidiary.
As a consequence, Corus Group plc is unable to proceed with the sale of its
aluminium conversion business to Pechiney.
Pechiney is very disappointed that Corus Group plc -with whom an agreement in
principle was signed last October- is not able to transfer its aluminum
conversion business meaning that the transaction cannot go ahead. Pechiney has
always been convinced of the excellent strategic fit that this transaction would
bring to both Pechiney and the aluminium side of Corus and also of the very high
level of synergies that had been identified. As a consequence, Corus Group plc
will pay Pechiney an agreed break-up fee of 20 million euros, according to its
contractual obligations.
Although the Pechiney Group will in principle remain open to a possible
transaction in the future should Corus Group plc wish to reopen discussions, it
will now pursue other investment targets, in line with Pechiney's strategic
objectives and strict investment criteria. As in the past two years, the Group
remains committed to selective and profitable growth, which has proved in 2002
to deliver the synergies expected from the Soplaril and Eurofoil acquisitions in
2001.
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Certain statements in this press release that describe Pechiney's intentions,
expectations or projections may constitute forward-looking statements. These
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause Pechiney's actual results, performance or
achievement to be materially different from its intentions, expectations or
projections. The forward-looking statements in this press release speak only as
of its date and Pechiney undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contacts: Press Contacts:
Charles L. Ranunkel Tel:33 1 56 28 25 07 Chrystele Ivins: Tel: 33 1 56 28 24 18
Catherine Paupelin Tel: 33 1 56 28 25 08 chrystele.ivins@pechiney.com
Jerome Gaudry Tel: 33 1 56 28 25 23
Fax 33 1 56 28 33 38 Stephan Giraud: Tel: 33 1 56 28 24 19
stephan.giraud@pechiney.com
PECHINEY
7, place du Chancelier Adenauer
75116 Paris
e-mail: Pechiney-IR-Team@pechiney.com
Internet: http://www.pechiney.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Pechiney has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: March 14, 2003 PECHINEY
By:/s/ Olivier MALLET
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Name: Olivier MALLET
Title: Chief Financial Officer