John Cockerill India Ltd. to Acquire 100% Shareholding of John Cockerill Metals International SA for Up to Euro 50 Million

John Cockerill India Ltd. has executed a Share Purchase Agreement (SPA) to acquire 100% shareholding of John Cockerill Metals International SA, Belgium, from John Cockerill SA, the Parent Company. The acquisition is expected to expand the Group’s global footprint and operational synergies within the metals industry. The cost of the proposed transaction is up to Euro 50 Million, with Part I costing €29,668,227. The New Company, John Cockerill Metals International SA, was incorporated in Belgium by John Cockerill SA with a view to consolidate the ownership interests in various group entities involved in the metals business.