16.07.2018
Salzgitter AG DE0006202005
DGAP-Adhoc: Salzgitter AG: Submission of an offer to acquire several production facilities of ArcelorMittal in Luxembourg and Belgium
DGAP-Ad-hoc: 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.
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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 [email protected]
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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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Language: English
Company: Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: [email protected]
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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704809 16-Jul-2018 CET/CEST
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