Intesa Sanpaolo and Banco BPM led a $182m funding round in the US business of JSW Steel.

Financials

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Transaction Value£157m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Banco Bpm

target

Jsw Steel (us Business)

bidder

Intesa Sanpaolo

vendor

Jsw Steel

Sources

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Tags

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Acquisition

Completed

United States

steel manufacturer

Cross Border

Iron and Steel

Minority

Friendly

Private

Synopsis

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Financial institutions Intesa Sanpaolo and Banco BPM led a $182m funding round in the US business of JSW Steel, a steel maker. "Out of the $182 million financing, $70m is covered under SACE guarantee and the balance $112m is a term loan," JSW Steel.