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SSAB — M&A Activity 2020
Nov 13, 2020
2975_rns_2020-11-13_4010cc2a-a391-4bb8-80db-fd7e749ab969.pdf
M&A Activity
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SSAB confirms discussions regarding Tata Steel Europe Netherlands
SSAB confirms that it is in discussions with Tata Steel Group concerning a potential acquisition of Tata Steel Europe's IJmuiden steel mill and related downstream assets.
SSAB has participated in several different discussions concerning consolidations in the European steel industry. The discussions with Tata are on-going but no decisions have been made. There can be no certainty that any transaction will materialize, nor as to the terms of any such potential transaction. Further announcement will be made in due course.
For further information, please contact:
Investor Relations: Per Hillström, Head of IR, [email protected], +46 70 2952 912 Media: Mia Widell, Press Relations Manager, [email protected], +46 76 527 25 01
This is information that SSAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 2.30pm CET on November 13, 2020.
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com. Join us also on social media: Facebook, Instagram, LinkedIn, Twitter and YouTube.