Aperam : Make America(s) great again
Aperam could acquire Outokumpu Americas if, as we anticipate, Outokumpu’s new CEO decides to sell this division which is struggling to achieve the same level profitability as NAS, Acerinox’ subsidiary. Aperam would do better than Outokumpu without compromising its financial ratios. Upside would be >60% to € 42. The target price raised to € 36 factoring in a probability of occurrence of 40%. - >Americas: Outokumpu is struggling to gain a foothold. New CEO, new vision? - §se...APERAM is a stainless and specialty steel producer. Co. produces a range of stainless steel products and products including electrical steel (grain oriented, non-grain oriented, and non-grain oriented semi-processed steel), nickel alloys and specialties. Co. sells its products to customers on three continents in over 40 countries, including aerospace, automotive, catering, construction, household appliances and electrical engineering, industrial processes, medical, and oil & gas industries. Co. manages its business according to three operating segments: Stainless and Electrical Steel; Services and Solutions; and Alloys and Specialties.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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