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Acciaierie Venete acquires Euro Sider Scalo

Italian long steel producer Acciaierie Venete is announced to be buying local steel distributor Euro Sider Scalo.

Acciaierie Venete acquires Euro Sider Scalo

Acciaiere Venete's acquisition process is reported to start with the company creating a new company and acquiring 60% of the distributor's shares. Acciaierie Venete plans to increase its shareholding to 100% through a call/put option.

Euro Sider Scalo is one of the leading distributors of high quality special steel bars in different diameters and grades. The company supplies mechanical, earthmoving machinery, industrial vehicles, automotive, oil and gas, and hot forging sectors. Acciaierie Venete provides its steels to a wide range of sectors such as automotive, earthmoving and agricultural machinery, energy, mechanical engineering, and construction.

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