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Announced

Completed

ZINQ France and Sofigalva completed the acquisition of France Galva from Hill & Smith Holdings for €73m.

Synopsis

ZINQ France, a metal processing company, and Sofigalva, a newly incorporated entity for the purpose of effecting the acquisition, completed the acquisition of France Galva, the French galvanizing and steel lighting column operations of Hill & Smith Holdings, the international group creating sustainable infrastructure and safe transport through innovation, for €73m. "The proposed disposal of France Galva is in line with the Group's strategy of focussing our capital into higher growth markets. While galvanizing continues to be an important part of our long-term plans, we see the UK and US as offering better growth opportunities. The completion of the Proposed Disposal would provide the Group with additional financial firepower to support our organic and inorganic growth ambitions and would serve the best interests of our shareholders," Alan Giddins, Hill & Smith Executive Chair.

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