New focus after closing of Tekton transaction

After the final closing of divestments of the major assets of Tekton Energy last week Deutsche Rohstoff plans to realign its current activities. In the near future the focus of investments will be on the development of US oil & gas assets. The management of Deutsche Rohstoff is convinced of the good opportunities for very profitable investments with a short payback period for invested capital. The sale of the Windsor project generated a return on equity before tax of 365% within just three years. Cash and cash equivalents in the group after the sale amount to EUR 135 million. In the course of the realignment of activities the management has also decided to sell the Wolfram Camp mine. For some weeks Deutsche Rohstoff has been in negotiations with an interested party which may lead to a near term transaction.