NLMK Dansteel to integrate into NBH Group’s perimeter
NLMK has reached an agreement with NLMK Belgium Holdings (‘NBH’), the Belgium based joint venture with SOGEPA (a Belgian investment fund owned by the Walloon region) to integrate NLMK Dansteel (‘Dansteel’) into NBH.
The consolidation of Dansteel within the NBH perimeter will further optimize European assets’ management structure and provide additional strategic flexibility and synergies. The Merged Group, will offer one of the widest plate product portfolios in Europe and globally for customers active in shipbuilding, civil engineering, yellow goods, mining, lifting, transport and wind energy.
Consolidation of assets and portfolio’s strengthening will allow NLMK to reduce transaction costs and optimize its operations in foreign markets.
The transaction has been submitted for the EU merger control approval.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 18 million tonnes per year.
NLMK’s ordinary shares with a 20.7% free-float are listed on the Moscow Stock Exchange (ticker “NLMK”) and its global depositary shares are listed on the London Stock Exchange (ticker “NLMK:LI”). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.
For more details on NLMK Group, please visit our website.
SOGEPA is a Belgian investment fund established in 1984 by the Walloon government to support economic development of the Walloon region. SOGEPA contributes to the creation of sustainable businesses by investing in industrial projects and assets. The fund functions according to the best private investment practices, playing an active role in the strategic management of companies at the level of board of directors.
NBH is a joint venture between SOGEPA (49%) and NLMK (49%). It is comprised of various steel production facilities, service centers and distribution centers. The Strip Products Division includes NLMK La Louvière (Belgium), NLMK Strasbourg (France), and NLMK Manage Steel Center (Belgium). The consolidated Plate Products Division includes NLMK Clabecq (Belgium), NLMK DanSteel (Denmark), and NLMK Verona (Italy).
Located in Frederiksvaerk, Denmark, DanSteel is a premium manufacturer of hot-rolled steel plates. For more than 80 years, DanSteel has been an integral part of the Danish industry.
Today, the mill is Denmark’s sole flat steel producer and one of the largest industrial employers in the Zealand region. Thanks to continuous investments, DanSteel is established as a key supplier in on- and off-shore wind industry and a key player in the wind sector value chain in Europe with a reputation for service excellence.
DanSteel is a member of WindEurope – the largest association promoting the use of wind power in Europe.
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