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Acquisition Activity Flourishes in Europe

机译:欧洲的收购活动蓬勃发展

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摘要

The turn of the year saw a flurry of acquisition moves in Europe. The sale of 60 percent of Eko Stahl AG to Belgium's Cockerill-Sambre was completed just before Christmas. Yet another ownership change occurred just prior to Christmas when the United Kingdom's Allied Steel & Wire (ASW) announced a series of moves that will closely ally the company to France. Germany's Hamburger Stahlwerke (HSW) was acquired by the Indo-Indo-nesian Ispat Group just after Christmas. And, the European Union (E.U.) approved a bid for special steel producer AST by a German-Italian consortium led by Fried Krupp AG Hoesch-Krupp. Eko Stahl AG - Cockerill-Sambre plans to focus its initial new investment in ironmaking. It intends to build a new 1.5 million metric ton/year capacity blast furnace to replace the existing two furnaces. The E.U. has limited the plant's rolling production to 900,000 metric tons/year until 1999 as a condition for receiving state aid.
机译:一年之交,欧洲出现了一系列收购行动。即将在圣诞节前完成将Eko Stahl AG 60%的股份出售给比利时的Cockerill-Sambre。圣诞节前夕,英国的Allied Steel&Wire(ASW)宣布了一系列举动,将公司与法国紧密联系,这又发生了所有权变更。圣诞节刚过,德国的汉堡包Stahlwerke(HSW)就被印度-印度裔Ispat集团收购。并且,欧盟(E.U.)批准了由Fried-Krupp AG Hoesch-Krupp领导的德国-意大利财团对特种钢生产商AST的竞标。 Eko Stahl AG-Cockerill-Sambre计划将其最初的新投资集中在炼铁上。该公司计划建造一座年产能为150万吨的高炉,以取代现有的两个高炉。欧盟直到1999年,该工厂的轧制产量一直限制在90万吨/年,以此作为获得国家援助的条件。

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