SynopsisCogne Acciai Speciali has successfully completed a capital increase of €200 millionand, with the necessary approvals, acquired Special Melted Products, a UK-based company previously under the ownership of the German holding Mutares SE & Co. KGaA. The capital injection was initiated by shareholders, paving the way for strategic M&A endeavors. This acquisition strengthens Cogne Acciai Speciali's growth trajectory, bringing onboard valuable plant equipment and a complementary product portfolio.Article: In a move that underscores its commitment to growth and expansion, Cogne Acciai Speciali has accomplished a remarkable feat. The culmination of a capital increase, amounting to a substantial €200 million, has provided the financial foundation for a strategic acquisition. Today, with the requisite authorizations from competent authorities in hand, Cogne Acciai Speciali proudly announces the successful acquisition of Special Melted Products, an English company previously held by the German conglomerate, Mutares SE & Co. KGaA.The capital infusion of 200 million euros, made possible through the unwavering support of shareholders, signifies a significant milestone in Cogne Acciai Speciali's strategic plan. It not only fortifies the company's financial position but also positions it for further Mergers and Acquisitions (M&A) ventures on the horizon.Massimiliano Burelli, Chief Executive Officer of Cogne Acciai Speciali, expresses the significance of this strategic move, stating, "With this acquisition, we take a significant step forward in our growth path, which, with Special Melted Products, is enriched with plant equipment and a mix of top-level, complementary products."The acquisition of Special Melted Products represents a pivotal moment in Cogne Acciai Speciali's journey. It brings into its fold not only a treasure trove of plant equipment but also a portfolio of complementary products that align seamlessly with its existing offerings.The legal advisory support for this endeavor was provided by ADVANT-NCTM, with Vittorio Noseda leading the team. Their expertise played a crucial role in facilitating the successful acquisition of Special Melted Products.ConclusionCogne Acciai Speciali's capital increase and acquisition of Special Melted Products are testament to its forward-looking growth strategy. The infusion of €200 million and the strategic expansion into the UK market positions the company for continued success and reinforces its commitment to delivering excellence in the steel industry.
SynopsisCogne Acciai Speciali has successfully completed a capital increase of €200 millionand, with the necessary approvals, acquired Special Melted Products, a UK-based company previously under the ownership of the German holding Mutares SE & Co. KGaA. The capital injection was initiated by shareholders, paving the way for strategic M&A endeavors. This acquisition strengthens Cogne Acciai Speciali's growth trajectory, bringing onboard valuable plant equipment and a complementary product portfolio.Article: In a move that underscores its commitment to growth and expansion, Cogne Acciai Speciali has accomplished a remarkable feat. The culmination of a capital increase, amounting to a substantial €200 million, has provided the financial foundation for a strategic acquisition. Today, with the requisite authorizations from competent authorities in hand, Cogne Acciai Speciali proudly announces the successful acquisition of Special Melted Products, an English company previously held by the German conglomerate, Mutares SE & Co. KGaA.The capital infusion of 200 million euros, made possible through the unwavering support of shareholders, signifies a significant milestone in Cogne Acciai Speciali's strategic plan. It not only fortifies the company's financial position but also positions it for further Mergers and Acquisitions (M&A) ventures on the horizon.Massimiliano Burelli, Chief Executive Officer of Cogne Acciai Speciali, expresses the significance of this strategic move, stating, "With this acquisition, we take a significant step forward in our growth path, which, with Special Melted Products, is enriched with plant equipment and a mix of top-level, complementary products."The acquisition of Special Melted Products represents a pivotal moment in Cogne Acciai Speciali's journey. It brings into its fold not only a treasure trove of plant equipment but also a portfolio of complementary products that align seamlessly with its existing offerings.The legal advisory support for this endeavor was provided by ADVANT-NCTM, with Vittorio Noseda leading the team. Their expertise played a crucial role in facilitating the successful acquisition of Special Melted Products.ConclusionCogne Acciai Speciali's capital increase and acquisition of Special Melted Products are testament to its forward-looking growth strategy. The infusion of €200 million and the strategic expansion into the UK market positions the company for continued success and reinforces its commitment to delivering excellence in the steel industry.
