Aperam applies for a listing on Euronext Brussels
Luxembourg, 13 February 2017 - Aperam announces that it has applied for a listing on Euronext Brussels.
This cross listing is expected to become effective on February, 16, 2017. Aperam will not place any new shares in this connection.The Company will remain listed on the Luxembourg Stock Exchange’s regulated market and on Euronext Amsterdam and Euronext Paris.
Belgium represents the heart of Aperam’s upstream industrial facilities in Europe and is strategically well located with close proximity to its main European suppliers and customers. Aperam has more than 1,750 employees in Belgium - representing about 18% of Aperam’s Group total workforce - and has invested more than EUR 100 million in Belgium since the creation of Aperam early 2011.
Aperam believes that the admission to trading of the Shares on Euronext Brussels will be beneficial to the Company and its Shareholders for, among others, the following reasons:
Listing on Euronext Brussels underlines the strategic value of having a Belgium footprint for Aperam with a clear signal towards its Belgian stakeholders of its ambition to be a sustainable industrial partner in Belgium.
In addition, with this listing on Euronext Brussels Aperam expects to increase its visibility, reputation, brand and employer-branding awareness by further improved analyst coverage and press coverage in the Belgian market.
Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organized in three primary operating segments: Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties.
Aperam has 2.5 million tonnes of flat Stainless and Electrical steel capacity in Brazil and Europe and is a leader in high value specialty products. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost biomass (charcoal). Its industrial network is concentrated in six production facilities located in Brazil, Belgium and France.
In 2016, Aperam had sales of USD 4.3 billion and shipments of 1.92 million tonnes.
For further information, please refer to our website at www.aperam.com
Corporate Communications / Laurent Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36