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Stainless steel recycler ELG to be sold to Luxembourg steel group Aperam

New parent to operate ELG as "fully separate and independent company"

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ELG to be taken over by stainless steel producer Aperam

(D) – Stainless steel recycler ELG is to be sold by its parent group Franz Haniel & Cie to the steel producer Aperam. The three companies announced the signature of a share purchase agreement for an enterprise value of €357m on 6 May. Aperam said that the acquisition of ELG will put it "at the core of the circular ...

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