Metalcorp Group fully acquires Stockach Aluminium
- Acquisition of remaining 50% completed
- BAGR Berliner Aluminiumwerk GmbH initiates investments in additional capacity
- Metalcorp Group plans to relocate registered office from Amsterdam to Luxembourg
Amsterdam, 9 July 2018 – As previously announced, Metalcorp Group B.V., a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium slabs, acquired on 6 July 2018 the remaining 50% of the shares in Stockach Aluminium GmbH from its co-shareholder through its subsidiary, BAGR Berliner Aluminiumwerk GmbH, with economic effect from 1 January 2018. The company thus continues to expand its leading position in the production of alloyed aluminium slabs, which will have a positive effect on the bottom line already in 2018. The acquisition is subject to approval by the relevant antitrust authorities.
At the Berlin location, investments in a homogenisation plant have commenced as planned. Metalcorp Group expects its aluminium division to generate a record result again in 2018.
To simplify its corporate structure and reduce its administrative expenses, Metalcorp Group will relocate its registered office from Amsterdam to Luxembourg still in 2018. The resulting savings will amount to between EUR 0.6 million and EUR 1 million.
About Metalcorp Group B.V.:
Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium ingots. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group’s operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The 2017/2022 bond (ISIN: DE000A19MDV0) is traded on the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
Metalcorp Group B.V.
+31 (0) 20 890 89 00