Salzgitter Aktiengesellschaft / DE0006202005
29.11.2023 - 12:00:13Sale of Borusan Mannesmann participation concluded
| Salzgitter Aktiengesellschaft / Key word(s): Disposal 29.11.2023 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. Active portfolio management driven forward Further implementation of the “Salzgitter AG 2030” Group strategy Cash generated through the successful transfer of the participation Salzgitter. The Salzgitter Group has now successfully transferred its 23% participating share in Borusan Mannesmann Boru Yatirim Holding A.S., Turkey, to the co-owner Borusan. The buyer Borusan ranks as one of the leading international steel tube manufacturers. The company maintains locations in Turkey, Italy, Romania and the USA. As Burkhard Becker, Chief Financial Officer of Salzgitter AG, stated: "With this successful transaction, we are underlining our active portfolio management, which we are pursuing with major steps forward as part of our "Salzgitter AG 2030" Group strategy. We believe that the sale offers Borusan and its employees the best development opportunities in a significant market environment." Already in April 2023, Borusan had acquired the company Berg Pipe (USA) from EUROPIPE GmbH, in which Salzgitter Mannesmann GmbH and AG der Dillinger Hüttenwerke each hold 50% of the shares. Salzgitter AG is one of Germany's leading steel and technology groups. As a pioneer in the Circular Economy, we focus on the sustainable innovation and transformation of our products and processes in the business areas of steelmaking, steel processing, trading and technology. With our "Salzgitter AG 2030" strategy and the principle of "Pioneering for Circular Solutions", we are setting new standards in the industry. Our aspirations are realized through strong initiatives and programs such as SALCOS® - Salzgitter Low CO2 Steelmaking. With partnerships and in networks, we are actively driving forward the further development towards a circular economy. With around 25,000 employees worldwide in 150 national and international subsidiaries and associated companies, we live up to our global claim to growth, profitability and our pioneering position. In the fiscal year 2022 we generated external sales of around €12 billion with a crude steel capacity of 7 million tons. Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de 29.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Salzgitter Aktiengesellschaft |
| Eisenhüttenstraße 99 | |
| 38239 Salzgitter | |
| Germany | |
| Phone: | +49 5341 21-01 |
| Fax: | +49 5341 21-2727 |
| E-mail: | info@salzgitter-ag.de |
| Internet: | www.salzgitter-ag.de |
| ISIN: | DE0006202005 |
| WKN: | 620200 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1784581 |
| End of News | EQS News Service |
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