Metalcorp Group S.A.

  • WKN: A19MDV
  • ISIN: DE000A19MDV0
  • Land: Luxemburg

Nachricht vom 02.03.2017 | 10:00

Metalcorp Group acquires 50% of the shares in Stockach Aluminium GmbH

DGAP-News: Metalcorp Group B.V. / Key word(s): Investment

02.03.2017 / 10:00
The issuer is solely responsible for the content of this announcement.

Metalcorp Group acquires 50% of the shares in Stockach Aluminium GmbH

Amsterdam, 2 March 2017 - Metalcorp Group B.V acquires 50% of the shares in Stockach Aluminium GmbH through its subsidiary, BAGR Berliner Aluminiumwerk GmbH, with retroactive effect from 1 January 2017. The company produces secondary aluminium ingots and thus ideally complements the activities of BAGR in geographic and product portfolio terms. Says Mustafa Güngör, Managing Director of BAGR and Head of Metals Production at Metalcorp Group: "BAGR's investment in Stockach Aluminium will produce considerable synergies for both companies in terms of purchasing, administration and sales and will allow us to offer our customers optimised and extended delivery services." The company plans to make immediate investments in the location and to successively increase the Stockach capacity from 45,000 to 90,000 tons. The Berlin and Stockach locations will then have a total capacity of up to 180,000 tons p.a.

About Metalcorp Group B.V.:
METALCORPGROUP operates in two segments, 'Steel and NF Metals Trading' and 'Production of Secondary Aluminium', where the company focuses on back-to-back transactions requiring no stock-keeping, which makes its operations effectively immune to current price trends in the international commodity markets. Key members of METALCORPGROUP include BAGR Berliner Aluminiumwerk GmbH, a company active since 1997, and the Steelcom Group, whose activities date back to the 1960s. An annual output of roughly 70,000 tons makes BAGR one of Europe's leading independent producers of high-quality secondary aluminium slabs. Metalcorp Group B.V.'s corporate bond (ISIN: DE000A1HLTD2) has been listed in the Entry Standard for corporate bonds of Deutsche Börse AG's Open Market ('Freiverkehr' of the Frankfurt Stock Exchange) since June 2013.

For more information:
Frank Ostermair/Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25

Ricardo Phielix (CFO)
Metalcorp Group B.V.
+31 (0) 20 890 89 00

02.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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