ELG group to be acquired by Luxembourg-based steel producer Aperam

ELG group to be acquired by Luxembourg-based steel producer Aperam

06.05.2021

ELG´s shareholder Franz Haniel & Cie GmbH has signed a Share Purchase Agreement with Luxembourg-based steel producer Aperam S.A. to sell ELG.  

ELG will be sold as a complete group and continue to operate as a fully separate and independent company. The transaction is subject to regulatory approvals and expected to close in the second half of 2021.  

Once regulatory approvals are complete, Aperam intends to operate ELG as a fully separate and independent company. ELG will continue to serve all of its customers in their best interests. Our current focus is to ensure continuity of service to our suppliers and customers as well as maintaining our excellent quality of supply. For our suppliers, we will continue to be a reliable purchaser of scrap. 

We are looking forward to continuing our business with you in these new circumstances and striving to develop our relationship further. 
 
https://www.aperam.com  

https://www.haniel.de

Press contact: 

Simone Fuchs 

Corporate Communications

Franz Haniel & Cie. GmbH 
Franz-Haniel-Platz 1 
47119 Duisburg 
T +49 203 806-578 
 

more news

All news

ELG’s Sustainability Report 2021

As recycling company, we are sustainable both in what we do and how we do it. Like every year, we condensed the informat..

More

Guillaume Bazetoux becomes CFO of ELG Group

As of February 1, 2022, Guillaume Bazetoux will join the ELG Group as Chief Financial Officer (CFO), succeeding Mathias ..

More

Aperam completes acquisition of ELG

Aperam announced today the completion of the acquisition of ELG, after the acquisition received all necessary regulatory..

More