Salzgitter AG

  • WKN: 620200
  • ISIN: DE0006202005
  • Land: Germany

Nachricht vom 16.07.2018 | 13:01

Salzgitter AG: Submission of an offer to acquire several production facilities of ArcelorMittal in Luxembourg and Belgium

Salzgitter AG / Key word(s): Takeover
Salzgitter AG: Submission of an offer to acquire several production facilities of ArcelorMittal in Luxembourg and Belgium

16-Jul-2018 / 13:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Today, the Executive Board of Salzgitter AG has decided to submit an offer to acquire production facilities in Dudelange (Luxembourg) and Liege (Belgium) in the context of the divestment process currently conducted by ArcelorMittal. The facilities in question are essentially two cold rolling lines, as well as facilities for tinning, hot-dip galvanizing and the electrolytic galvanization of steel strip.
 

Whether this will ultimately result in Salzgitter AG acquiring the production facilities is uncertain as the divestment procedure is a competitive process in which several bidders may bid. Any execution of a binding purchase agreement is subject to several conditions. Such conditions include the outcome of due diligence investigations, agreement with ArcelorMittal on the purchase agreement and the other transaction documents, as well as approval by the Supervisory Board of Salzgitter AG. In addition, the transaction is also contingent upon ArcelorMittal's acquisition of Ilva.



Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de


16-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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