Board of Directors aserinox He unanimously agreed not to continue. Preliminary interviews with Aperam The company notified the National Securities Market Commission (CNMV) to review a possible corporate operation.
In this way, the Spanish steel group considers that the negotiations for a possible merger between the two groups are over, which will lead to a crisis. industry giant.
Last Friday, both groups confirmed this. they have “recently” engaged in “very preliminary” talks Although they stressed that with regard to this possible operation between the two groups, there is no certainty as to “or under what conditions” such an agreement will be reached.
In different communications to the market, the companies stated that the analysis of possible operations was carried out. “It was currently at a very early stage with no agreement on its structure, scope and terms”.
“There is no certainty that the parties will reach an agreement, or under what conditions, if any,” Acerinox told CNMV. “when necessary”.
The European Commission decided to ban it two years ago. Establishment of a ‘joint venture’ between Tata Steel and ThyssenKrupp Bringing together the steel businesses in Europe.
this Mittal family main shareholder of the steel giant ArcelorMittal, It controls about 40% of Aperam’s voting rights. Meanwhile, Corporación Financiera Alba is the main shareholder of Acerinox, owning almost 18% of its capital.
M&G Investment Management, with 4.67%, among its shareholders, together with the Mittal family; together Dimensional Fund Advisors (2.3%) or BlackRock (1.7%).
In the case of Acerinox, in addition to Financiera Alba, its main shareholders are businessman Daniel Bravo, 5% of the capital and South Africa Sınai Geliştirme A.Ş. (IDC) with 3.26%.