Salzgitter AG, DE0006202005

Salzgitter AG, DE0006202005

16.07.2018 - 13:03:58

Salzgitter AG: Submission of an offer to acquire several production facilities of ArcelorMittal in Luxembourg and Belgium

Today, the Executive Board of Salzgitter AG has decided to submit an offer to acquire production facilities in Dudelange (Luxembourg) and Liege (Belgium) in the context of the divestment process currently conducted by ArcelorMittal. The facilities in question are essentially two cold rolling lines, as well as facilities for tinning, hot-dip galvanizing and the electrolytic galvanization of steel strip.  

Whether this will ultimately result in Salzgitter AG acquiring the production facilities is uncertain as the divestment procedure is a competitive process in which several bidders may bid. Any execution of a binding purchase agreement is subject to several conditions. Such conditions include the outcome of due diligence investigations, agreement with ArcelorMittal on the purchase agreement and the other transaction documents, as well as approval by the Supervisory Board of Salzgitter AG. In addition, the transaction is also contingent upon ArcelorMittal's acquisition of Ilva.

Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de

16-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter

Germany Phone: +49 5341 21-01 Fax: +49 5341 21-2727 E-mail: info@salzgitter-ag.de Internet: www.salzgitter-ag.de ISIN: DE0006202005 WKN: 620200 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

704809  16-Jul-2018 CET/CEST

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