Aperam applies for a listing on Euronext Brussels
13 February 2017 - 5:30PM
Luxembourg, 13 February 2017
- Aperam announces that it has applied for a listing on Euronext
Brussels.
This cross listing is
expected to become effective on February, 16, 2017. Aperam will not
place any new shares in this connection.The Company will remain
listed on the Luxembourg Stock Exchange's regulated market and
on Euronext Amsterdam and Euronext Paris.
Belgium represents the
heart of Aperam's upstream industrial facilities in Europe and is
strategically well located with close proximity to its main
European suppliers and customers. Aperam has more than 1,750
employees in Belgium - representing about 18% of Aperam's Group
total workforce - and has invested more than EUR 100 million in
Belgium since the creation of Aperam early 2011.
Aperam believes that the
admission to trading of the Shares on Euronext Brussels will be
beneficial to the Company and its Shareholders for, among others,
the following reasons:
-
In addition, with this
listing on Euronext Brussels Aperam expects to increase its
visibility, reputation, brand and employer-branding awareness by
further improved analyst coverage and press coverage in the Belgian
market.
About Aperam
Aperam is a global
player in stainless, electrical and specialty steel, with customers
in over 40 countries. The business is organized in three primary
operating segments: Stainless & Electrical Steel, Services
& Solutions and Alloys & Specialties.
Aperam has 2.5 million
tonnes of flat Stainless and Electrical steel capacity in Brazil
and Europe and is a leader in high value specialty products. Aperam
has a highly integrated distribution, processing and services
network and a unique capability to produce stainless and specialty
from low cost biomass (charcoal). Its industrial network is
concentrated in six production facilities located in Brazil,
Belgium and France.
In 2016, Aperam had
sales of USD 4.3 billion and shipments of 1.92 million tonnes.
For further information,
please refer to our website at www.aperam.com
Contact
Corporate Communications / Laurent
Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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