21
Sep
08:12
Taiwan Walsin Lihwa completes acquisition of UK’s SMP
Taiwan’s leading stainless steel manufacturer Walsin Lihwa has completed acquisition of 100% of UK-based Special Melted Products (SMP), Kallanish notes.
The acquisition was done through by Cogne Accial Speciali S.p.A in Italy, of which 70% is held by Walsin Lihwa. The deal price is £142 million ($175m), £2m less then the amount agreed in the contract signed in May (see Kallanish passim).
Yu-Lon Chiao, Chairman of Walsin Lihua, said, "the co…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous