/ Key word(s): Takeover
Luxembourg 26 November 2021 (13:00 CET) - Aperam, announces today that the pending acquisition of ELG, a global leader in stainless and alloys recycling, has been approved by the European Commission. As previously communicated, the completion of the acquisition is expected in Q4 2021.
Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organised in
three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.
Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value specialty products. In addition to its industrial network, spread over six production facilities in Brazil, Belgium and France, Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and special steels from low cost biomass (charcoal made from its own FSC-certified forestry). In 2020, Aperam had sales of EUR 3,624 million and steel shipments of 1.68 million tonnes.
For further information, please refer to our website at www.aperam.com
Corporate Communications / Laurent Beauloye: +352 27 36 27 103 ; email@example.com
Investor Relations / Thorsten Zimmermann: +352 27 36 67 304 ; firstname.lastname@example.org
Dissemination of a Financial Wire News, transmitted by EQS Group.
1252268 26-Nov-2021 CET/CEST