Salzgitter : Possible takeover bid, details still scarce
>An opportunistic move? - Salzgitter announced yesterday evening that it had been notified by its 2nd-largest shareholder, family-held construction firm GP Günter Papenburg, that it is considering, along with recycling firm TSR Recycling, submitting a takeover bid. The project remains at an early stage with no certainty that it will go through and no offer price yet communicated. The offer would be subject to achieving an aggregate shareholding of at least 45%. GP Gün...Salzgitter is a holding company. Through its subsidiaries, Co. organized its businesses into five divisions. The Steel Division manufactures steel and special steels. The Tubes Division is involved with the manufacture of line pipes, HFI-welded pipes, precision tubes and stainless steel tubes. The Trading Division operates a European sales network as well as trading companies and agencies worldwide. The companies in the Services Division provide services such as data processing, telecommunications services, scrap dealing, the handling and storage of bulk cargo, transportation, and other services. The Technology Division operates in the filling and packaging technology segment.
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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