Wednesday, April 20 2005, 18:25
Steel: 62% Severstal completes acquisition Lucchini "
Di (Red-Tog/Ct/Adnkronos)
Milan, 20 April. (Adnkronos) - The Russian group Severstal completed the acquisition the majority of the Lucchini, one of the leading steel groups in Italy . The shareholders of the companies' Brescia, meeting today in Milan at the meeting, approved a capital increase from 450 million euro, which Severstal has participated with 430 mln. The shareholding then Severstal sees 62% , family Lucchini to 29% and 9% other shareholders.
---------------- -------------------------------------------------- -----------
Wednesday, April 20, 2005, 19:13
Steel: Severstal Lucchini Complete Acquisition of 62% (2)
Di (Red-Tog/Opr/Adnkronos)
(Adnkronos) - Lucchini thanked the mayors and administrators leavers, in particular Enrico Bondi. ''We believe that the decisions taken at the shareholders 'meeting will begin a strategic and lasting partnerships between the group Severstal and Lucchini family and all stakeholders of the Societa' Italian-Makhov, said all parties involved in the transaction have the opportunity 'to benefit and learn from the experiences of each.''
------------------------------------------------ -----------------------------
Wednesday, April 20, 2005, 19:18
Steel: Severstal Lucchini Complete Acquisition of 62% (3)
Di (Red-Tog/Opr/Adnkronos)
(Adnkronos) - On 8 February 2005, the group Severstal and Lucchini SpA have signed an agreement to acquire 62% stake in the companies' Italian. On 12 April the same year the European Commission gave its approval to the operation. For the finalization of this agreement Severstal and Lucchini were supported by financial advisors Citigroup and Lazard , respectively. Delfino Wilkie Farr and Gallagher 'was the legal advisor to Severstal and Lucchini worked Grimaldi e Associati, Studio Legale Tracanella McDermott Will and Emery Carnelutti . Marsh acted as' Environmental Advisor of on behalf of Severstal.
------------------------------------------------ -----------------------------
Wednesday, April 20, 2005, 19:24
Steel: 62% Severstal completes acquisition Lucchini (4)
Di (Red-Tog/Opr/Adnkronos)
(Adnkronos) - Net revenues reached 6.4 billion dollars, twice the 2003 , with an EBITDA of 2.4 billion dollars (compared with 1 billion). Net income and 'state of 1.3 billion U.S. dollars (+127%) . The Lucchini Group, founded by Luigi Lucchini after World War II, and 'one of the largest in Europe in the quality of steel long products', and special. Count 9 thousand employees and has facilities in Italy, France, Poland, Britain and Sweden.
Italian company, history, leader in Europe, to +127% gains, too many positive things to be Italian: Sold!
0 comments:
Post a Comment