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Cedar Holdings Completes Acquisition of Stemcor

Steel News - Published on Thu, 02 Jul 2020

Image Source: Stemcor
Privately held leading global steel trading and distribution company Stemcor Global Holdings Lt announced completion of the acquisition of the entire share capital of the Group by Cedar Holdings Group Co Ltd, a leading privately-owned commodities business listed on the Fortune Global 500. This follows the formal signing ceremony, in January this year, of a Sale and Purchase Agreement, between the parties at the World Economic Forum in Davos n Switzerland.

Stemcor will retain its name and autonomy, whilst continuing to provide the highest level of service to its customers and suppliers and generating consistently profitable performance across its worldwide trading network.

Natixis SA advised Stemcor’s shareholders on the transaction.

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Posted By : Yogender Pancholi on Thu, 02 Jul 2020
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