Aperam announces its intention to divest Aperam Stainless Services & Solutions Tubes Europe, its French tubes activities
January 09 2017 - 12:00PM
Luxembourg, 9 January 2017 (18:00
CET) - Aperam has acknowledged and is currently contemplating a
binding offer from mutares AG to acquire its stainless steel welded
tubes entities located in Ancerville (manufacturing plant) and
Annecy (distribution centre) in France. Any transaction would be
subject to a consultation process with the works council in
accordance with French law and customary closing conditions, and
would be expected to be completed by the end of the first half of
2017.
The concerned companies
- reported under the "Services & Solutions" segment - had
combined sales of EUR 67 million and shipments of 20 thousand
tonnes in 2015, and are considered as a non-core asset for
Aperam.
About mutares
AG
mutares AG, Munich
(www.mutares.de), acquires companies, that are being sold in the
course of a repositioning process at their owners and that show a
clear operational improvement potential. Getting engaged with its
own teams, mutares actively supports its portfolio companies to
achieve a clear value increase. The focus of the operational work
is to ensure sustainable, long-term growth. The shares of mutares
AG are listed on the Frankfurt Stock Exchange under the ticker
symbol "MUX" (ISIN: DE000A0SMSH2).
About Aperam
Aperam is a global
player in stainless, electrical and specialty steel, with customers
in over 40 countries. The business is organized in three primary
operating segments: Stainless & Electrical Steel, Services
& Solutions and Alloys & Specialties.
Aperam has 2.5 million
tonnes of flat Stainless and Electrical steel capacity in Brazil
and Europe and is a leader in high value specialty products. Aperam
has a highly integrated distribution, processing and services
network and a unique capability to produce stainless and specialty
from low cost biomass (charcoal). Its industrial network is
concentrated in six production facilities located in Brazil,
Belgium and France.
In 2015, Aperam had
sales of USD 4.7 billion and shipments of 1.89 million tonnes.
For further information,
please refer to our website at www.aperam.com
Contacts
Aperam / Corporate Communications /
Laurent Beauloye: +352 27 36 27 27
Aperam / Investor Relations / Romain Grandsart: +352 27 36 27
36
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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