Announced
Completed
Synopsis
Beltrame, an Italian steelmaker, completed the acquisition of COS Targoviste, a Romanian special steel producer, for $37m. “The acquisition of COS Targoviste is an important step in the Beltrame Group’s expansion strategy in Romania and confirms our long-term commitment to the development of the local #steel sector. COS Targoviste has a strong history in the steel industry, so we are honoured to have the opportunity to revitalise this steel giant. We expect to start production in the existing steelworks and the two rolling mills in early June, in order to supply the internal market with #rebar and #wirerod and stop the market’s dependence on imports, especially in the context of the conflict in Ukraine," Carlo Beltrame, Beltrame Country Manager France & Romania.
Principals
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
By continuing, you agree to our Terms & Conditions and our Data Privacy Policy
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.