Aperam announces the completion of the divestment of Aperam Stainless Services & Solutions Tubes Europe
April 04 2017 - 1:01AM
Luxembourg, 4 April
2017 - Aperam announces the completion of
the divestment of Aperam Stainless Services & Solutions Tubes
Europe, its stainless steel welded tubes entities located in
Ancerville (manufacturing plant) and Annecy (distribution centre)
in France, to mutares AG on Monday, 3 April 2017. This follows the
announcement on 9 January 2017 of Aperam's intention to divest
Aperam Stainless Services & Solutions Tubes Europe.
The concerned companies
- reported under the "Services & Solutions" segment - had
combined sales of EUR 64 million and shipments of 22 thousand
tonnes in 2016, 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 2016, Aperam had
sales of USD 4.3 billion and steel shipments of 1.92 million
tonnes.
For further information,
please refer to our website at www.aperam.com
Contacts
Aperam / Corporate Communications /
Laurent Beauloye: +352 27 36 27 103
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
Aperam (EU:APAM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aperam (EU:APAM)
Historical Stock Chart
From Apr 2023 to Apr 2024