Metalcorp Group S.A.

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

Nachricht vom 19.04.2018 | 08:15

Metalcorp Group B.V. plans to expand aluminium production and steel activities

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

19.04.2018 / 08:15
The issuer is solely responsible for the content of this announcement.


Metalcorp Group B.V. plans to expand aluminium production and steel activities

  • Expansion investments planned at BAGR Berliner Aluminiumwerk GmbH in Berlin
  • Full takeover of Stockach Aluminium GmbH intended
  • Bid for takeover of a steel producer submitted


Amsterdam, 19 April 2018 - Metalcorp Group B.V., a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe's leading independent producers of secondary aluminium slabs, plans to make substantial investments in a second continuous casting line and a homogenisation plant at its Berlin-based subsidiary, BAGR Berliner Aluminiumwerk GmbH. These investments are designed to increase the company's vertical integration and to open up additional customer groups.

Furthermore, Metalcorp Group has initiated negotiations with its co-shareholder regarding the latter's 50% stake in Stockach Aluminium GmbH with a view to fully taking over the company. The planned takeover will serve to further strengthen the Group's slab production activities.

In the context of a bidding process, Metalcorp Group has additionally submitted a bid for the acquisition of a steel-producing company, whose product group is already traded by Metalcorp.

Metalcorp Group plans to take these measures in order to significantly expand its aluminium production activities, for which 2017 was a record year, and to further strengthen its activities in the steel sector. To finance these measures, the company has decided to increase the existing 2017/2022 corporate bond (ISIN: DE000A19MDV0) by up to EUR 30 million by way of a tap issue in the context of an international private placement.

About Metalcorp Group B.V.:
Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe's leading independent producers of secondary aluminium ingots. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group's operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The 2013/2018 bond (ISIN: DE000A1HLTD2) is traded in the Basic Board segment of the Open Market of Deutsche Börse AG ("Freiverkehr" of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: DE000A19MDV0) is traded in the Open Market of Deutsche Börse AG ("Freiverkehr" of the Frankfurt Stock Exchange).

For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
metalcorp@better-orange.de

Mark Nunes
Metalcorp Group B.V.
+31 (0) 20 890 89 00
mnunes@metalcorpgroup.com



19.04.2018 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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