23
Jul
08:45
Acerinox signs financing for VDM Metals acquisition
Spain-headquartered stainless steel producer Acerinox has secured an €80 million ($92.6m) loan from BBVA bank with a maturity of five years to finance the acquisition of Germany’s VDM Metals.
The latter is specialised in specialty alloys production. The acquisition, which received the green light from European authorities in February, is valued at €532m, Kallanish notes.
“Spain’s stainless steel industry makes its debut in su…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous