Brief: Bekaert: Bekaert And Almasa Seek To Merge Steel Wire Activities In Colombia

NV Bekaert SA

28/09/2020 07:12

Sept 28 (Reuters) - NV Bekaert SA  BEKB.BR :
    * BEKAERT AND ALMASA SEEK TO MERGE STEEL WIRE ACTIVITIES IN
COLOMBIA
    * TRANSACTION SUBJECT TO CUSTOMARY CLOSING CONDITIONS
INCLUDING
REGULATORY APPROVALS AND EXPECTED TO CLOSE BEFORE YEAR-END 2020
    * REACHED AN AGREEMENT ON THE MERGER OF PROALCO SAS
(SUBSIDIARY OF
BEKAERT) WITH THE STEEL WIRE ACTIVITIES OF ALMASA SA, BOTH
LOCATED IN COLOMBIA
    * IT WILL ADD AROUND EUR 20 MILLION IN ANNUAL REVENUE TO
PROALCO
SAS, WHICH GENERATED EUR 65 MILLION IN REVENUE IN 2019


Further company coverage:  BEKB.BR 

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