Corus Staal B.V completes acquisition of Segal
Monday, 20 December 2004 15:28:51 (GMT+3)
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Corus Staal B.V completes acquisition of Segal
According to the statement released by Anglo-Dutch steel group Corus, its unit Corus Staal B.V, which currently owns 50% stake in Belgian hot dipped galvanizing line Segal, has recently completed the agreement regarding the takeover of the remaining 50% stake in the company.
As previously reported by SteelOrbis, the takeover agreement for the remaining 50% stake was signed with MetalInvest investment fund on November 12, 2004. The deal was worth €25 million.
Segal has annual hot dipped galvanizing sheet capacity of 500'000 tons per annum.
The transaction has been completed following the approval by Belgian Competition Authority.
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