Metalor Technologies International SA is pleased to announce a re-alignment of its shareholding structure
Metalor Technologies International SA is pleased to announce a re-alignment of its shareholding structure. In July 2009, a majority of the current shareholders have agreed to sell their holdings to Astorg Partners SA based in Paris (www.astorg-partners.com).
According to Metalor's CEO, Mr. Scott Morrison in Neuchâtel, "this is a significant positive step in the evolution of Metalor Technologies. Astorg brings experience in adding value to industrial companies and Metalor’s executive committee looks forward to working with them in conjunction with the remaining shareholders." Metalor's business is not expected to be impacted by the change of control. The closing of the transaction will take place at the end of September 2009, subject to regulatory approval.
The Metalor Group, with head office in Neuchâtel (Switzerland), is a key global player in the field of precious metals and advanced materials. Metalor is represented through local affiliates in 15 countries on 3 continents and has 1300 employees worldwide.
Metalor Technologies International SA
Neuchâtel, 7 September 2009
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