Cogne Acciai Speciali approves a capital increase of 45 million euros to support growth and new acquisitions
Aosta, 9 September 2024 - The shareholders of Cogne Acciai Speciali SpA on 6 September 2024 approved a capital increase of 45 million euros, fully subscribed and paid up. This financial operation represents a further key strategic step to support the company's continued inorganic growth and consolidate its leadership position in the special steel sector.
The capital increase is aimed in particular at supporting the acquisition of Mannesmann Stainless Tubes from Salzgitter AG. This operation is of great importance to strengthen our portfolio and our skills in the global market. We are confident that the acquisition can be completed by the fourth quarter of 2024.
This investment demonstrates our continued commitment to expanding our international presence and strengthening our ability to meet the growing demand for high-performance solutions in the aerospace, nuclear, medical and energy sector.
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