Wednesday, April 20, 2005, 18:25
Steel: 62% Severstal completes acquisition Lucchini "
Di (Red-Tog/Ct/Adnkronos)
Milan, 20 April. (Adnkronos) - The group Russian 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: 62% Severstal completes acquisition Lucchini (2)
Di (Red-Tog/Opr/Adnkronos)
(Adnkronos) - Lucchini thanked the outgoing mayors and administrators, 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
a href = "http://it .biz.yahoo.com/050420/201/3711y.html "> Steel: Severstal completes acquisition 62% Lucchini (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 dollars (+127%) . The Lucchini Group, founded by Luigi Lucchini after World War II, and 'one of the largest in Europe in the long products steel quality '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