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Viohalco S.A. — M&A Activity 2018
Feb 1, 2018
4023_iss_2018-02-01_1a08735d-904b-4b8a-b1a6-81eb951a9077.pdf
M&A Activity
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REGULATED INFORMATION INSIDE INFORMATION
PRESS RELEASE OF VIOHALCO SA
Βrussels, February 1st , 2018
The enclosed information constitutes regulated information as defined in the Belgian law of 2nd August 2002 and the Royal Decree of 14th November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
Viohalco S.A. announces that the merger by absorption of its subsidiary under the tradename Elval Hellenic Aluminium Industry S.A. by the company under the tradename Halcor Metals Works S.A., which is also Viohalco's subsidiary and listed on the Athens Stock Exchange, has been concluded and that on 1/2/2018, the trading of all shares of the new company under the tradename ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A. and brand name ELVALHALCOR S.A. commenced on the Athens Stock Exchange.
ELVALHALCOR S.A. is engaged in the production and trade of rolled and extruded non-ferrous metals, i.e. aluminium, copper and copper alloys and zinc and is primarily export-oriented. The financial size and business outlook of the new company, allow it to attain economies of scale, profit from new business synergies and embark upon new prospects of research, innovation and technological development. ELVALHALCOR S.A. has industrial premises in Greece, Bulgaria, and Turkey.
About Viohalco
Viohalco is the Belgium based holding company of a number of leading metal processing companies in Europe. It is listed on Euronext Brussels (VIO) and the Athens Stock Exchange (BIO). Viohalco's subsidiaries specialise in the manufacture of aluminium, copper, cables, steel and steel pipes products, and are committed to the sustainable development of quality, innovative and value added products and solutions for a dynamic global client base. With production facilities in Greece, Bulgaria, Romania, Russia, Australia, FYROM, Turkey and the United Kingdom, Viohalco companies collectively generate annual revenue of EUR 3.1 billion. Viohalco's portfolio includes a dedicated technology and R&D segment, as well as recycling activities and waste management services. In addition, Viohalco and its companies own real estate investment properties, mainly in Greece, which generate additional income through their commercial development.
For more information, please visit our website at www.viohalco.com.