Aperam to divest Stainless Services Europe

Aperam has recently announced its intention to divest Aperam Stainless Services & Solutions Tubes Europe, its French tubes activities. Accordingly, it has acknowledged and is contemplating a binding offer from mutares AG to acquire its stainless steel welded tubes entities located in Ancerville (manufacturing plant) and Annecy (distribution centre) in France. Any transaction would be subject to a consultation process with the works council in accordance with French law and customary closing conditions, and would be expected to be completed by the end of the first half of 2017.   The concerned companies – reported under the “Services & Solutionsâ€? segment – had combined sales of EUR 67M and shipments of 20 thousand tonnes in 2015, and are considered as a non-core asset for Aperam.

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