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PRESS RELEASE

Cogne Acciai Speciali finalises a 200 million euro share capital increase and the acquisition of Special Melted Products in UK

Today, after clearances from all competent authorities, Cogne Acciai Speciali acquires Special Melted Products, British company controlled by German holding Mutares SE & Co. KGaA.


Preparatory to the deal was the share capital increase of 200 million euro fully subscribed by the shareholders few days ago, also in anticipation of further M&A activities.


Massimiliano Burelli, Chief Executive Officer of Cogne Acciai Speciali declares: “With this acquisition we take a significant step forward in our growth path, that with Special Melted Products is enriched by top notch equipment and product mix, complementary with ours”.

ADVANT-NCTM, with the team led by Vittorio Noseda, has acted as legal advisor to Cogne Acciai Speciali.


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