Eurogroup Laminations to acquire a minority stake in Euro Misi High-tech Jiaxing and Euro Misi Laminations Jiaxing From Marubeni-itochu Steel for €12.7m.

Eurogroup Laminations, a company specializing in magnetic laminations for electric motors and generators, agreed to acquire a 30% stake in Euro Misi High-Tech Jiaxing and Euro Misi Laminations Jiaxing from Marubeni-Itochu Steel, for €12.7m. "We are happy to have concluded this transaction, which represents an additional step in our expansion strategy in China, a key market for e-mobility and energy transition, and the growth strategy of EGLA in the coming years." Marco Arduini, EuroGroup Laminations, Chief Executive Officer.