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NV Bekaert SA Bekaertstraat 2 8550 Zwevegem, Belgium http://www.bekaert.com
Contact Ms Katelijn Bohez +32 56 23 05 71
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NV Bekaert SA

Bekaert and ArcelorMittal extend their partnership in Brazil

(PresseBox) (Kortrijk, )
Bekaert and ArcelorMittal have reached an agreement on the integration of Bekaert's currently whollyowned subsidiary in Sumaré (Brazil) into the BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership.

In line with the shareholding structure of the BMB joint venture, ArcelorMittal will be the majority shareholder (55.5%) of the steel cord entity in Sumaré and Bekaert will hold the remaining shares (44.5%).

The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2017.

Both partners aim at a smooth transition process to ensure continued excellent supply and service to the customers.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.