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Aperam on to divest Aperam Stainless Services & Solutions Tubes Europe in France

Steel News - Published on Wed, 11 Jan 2017

Image Source: Aperam
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.

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).

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Posted By : Rabi Wangkhem on Wed, 11 Jan 2017
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