Bekaert announces successful closing of the transaction leading to a majority shareholding in Chile, Peru and Canada
Please find attached a press release concerning the successful closing of the transaction leading to a majority shareholding in Chile, Peru and Canada.
Bekaert and its Chilean partners announced today the successful closing of their shareholding transaction by which Bekaert becomes the principal shareholder (52%) in the partnership with operations in Chile, Peru and Canada. The deal follows all customary closing and approval processes. Simulated on the basis of the 2010 and 2011 financial statements, Bekaert's consolidated sales are expected to increase by approximately € 300 million on an annual basis.