Edition:
United Kingdom

Bekaert expects to add about $350 mln in consolidated sales post Bridon-Bekaert merger


Wednesday, 29 Jun 2016 

NV Bekaert SA : Bekaert and Ontario Teachers' Pension Plan, previous owner of Bridon, have successfully closed definitive merger of their ropes and advanced cords businesses: Bridon-Bekaert . Transaction is estimated to add approximately $350 million (315 million euro at current rates) to Bekaert's consolidated sales on an annual basis in a normalized business context .Group projects a lower run rate over the first two years due to the current demand instability in oil and gas and mining markets. 

Company Quote

37.52
0.22 +0.59%
20 Feb 2018