ArcelorMittal (MT) Unloads 48.1% Stake in Paul Wurth Group
Tweet Send to a FriendGet Alerts MT Hot Sheet
Up)
Trade MT Now!
ArcelorMittal (NYSE: MT) announces the sale of its 48.1% stake in Paul Wurth Group to SMS GmbH. This transaction is in line with the declared ArcelorMittal’s strategy of selective divestment of non-core assets.
Paul Wurth Group is an international engineering company offering the design and supply of the full-range of technological solutions for the iron & steel industry and other metal sectors. In 2011, Paul Wurth Group generated the turnover of EUR 491 million with a net profit of EUR 18.2 million. The company currently employs more than 1600 highly-skilled staff.
The SMS group is, under the roof of SMS Holding GmbH, a group of companies internationally active in the supply of plants and machinery to the steel and nonferrous metals processing industry. In 2011, its 11,000 employees generated sales of over EUR 3 billion.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Paul Wurth Group is an international engineering company offering the design and supply of the full-range of technological solutions for the iron & steel industry and other metal sectors. In 2011, Paul Wurth Group generated the turnover of EUR 491 million with a net profit of EUR 18.2 million. The company currently employs more than 1600 highly-skilled staff.
The SMS group is, under the roof of SMS Holding GmbH, a group of companies internationally active in the supply of plants and machinery to the steel and nonferrous metals processing industry. In 2011, its 11,000 employees generated sales of over EUR 3 billion.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- rue21 (RUE) Will be Acquired by Apax Partners for $42/Share
- Royalty Pharma Raises Elan (ELN) Bid to $12.50/share
- Amid Richer Bid, Large Shareholder Group Opposes New Clearwire (CLWR) Deal
Create E-mail Alert Related Categories
Corporate News, Mergers and Acquisitions
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
