NLMK has reached an
agreement with NLMK Belgium Holdings (‘NBH’), the Belgium based
joint venture with SOGEPA (a Belgian investment fund owned by the
Walloon region) to integrate NLMK Dansteel (‘Dansteel’) into NBH.
The consolidation of
Dansteel within the NBH perimeter will further optimize European
assets’ management structure and provide additional strategic
flexibility and synergies. The Merged Group, will offer one of the
widest plate product portfolios in Europe and globally for customers
active in shipbuilding, civil engineering, yellow goods, mining,
lifting, transport and wind energy.
assets and portfolio’s strengthening will allow NLMK to reduce
transaction costs and optimize its operations in foreign markets.
The transaction has
been submitted for the EU merger control approval.
About NLMK Group
NLMK Group is the
largest steelmaker in Russia and one of the most efficient in the
NLMK Group’s steel
products are used in various industries, from construction and
machine building to the manufacturing of power-generation equipment
and offshore wind turbines.
production facilities in Russia, Europe and the United States. The
Company’s steel production capacity exceeds 18 million tonnes per
shares with a 20.7% free-float are listed on the Moscow Stock
Exchange (ticker “NLMK”) and its global depositary shares are
listed on the London Stock Exchange (ticker “NLMK:LI”). The share
capital of the Company is divided into 5,993,227,240 shares with a
par value of RUB1.
For more details
on NLMK Group, please visit our website.
SOGEPA is a Belgian
investment fund established in 1984 by the Walloon government to
support economic development of the Walloon region. SOGEPA
contributes to the creation of sustainable businesses by investing in
industrial projects and assets. The fund functions according to the
best private investment practices, playing an active role in the
strategic management of companies at the level of board of directors.
NBH is a joint venture
between SOGEPA (49%) and NLMK (49%). It is comprised of various steel
production facilities, service centers and distribution centers. The
Strip Products Division includes NLMK La Louvičre (Belgium), NLMK
Strasbourg (France), and NLMK Manage Steel Center (Belgium). The
consolidated Plate Products Division includes NLMK Clabecq (Belgium),
NLMK DanSteel (Denmark), and NLMK Verona (Italy).
Frederiksvaerk, Denmark, DanSteel is a premium manufacturer of
hot-rolled steel plates. For more than 80 years, DanSteel has been an
integral part of the Danish industry.
Today, the mill is
Denmark’s sole flat steel producer and one of the largest
industrial employers in the Zealand region. Thanks to continuous
investments, DanSteel is established as a key supplier in on- and
off-shore wind industry and a key player in the wind sector value
chain in Europe with a reputation for service excellence.
DanSteel is a member
of WindEurope – the largest association promoting the use of wind
power in Europe.