17
Feb
14:46
Swiss Steel sells Eastern European distribution units
Swiss Steel has signed a definitive agreement for the sale of several distribution subsidiaries to Jacquet Metals, a distributor of specialty metals, Kallanish learns from the SBQ steel maker.
The transaction encompasses entities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Estonia and Latvia. Together, these generated a total net revenue of €158 million ($168m) and Ebitda of €12m in 2022, with 267 employees, by selling mostly non-Swiss Steel…
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Very good overview of the weekly steel market.
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