Constellium: buys partner's stake in Kentucky joint venture

(CercleFinance.com) - Dutch-based aluminium product maker Constellium said it will buy UACJ's 49% stake in their Kentucky joint venture for 100 million dollars, aiming to boost its presence in North America.


Constellium has entered into a binding purchase agreement with UACJ's US subsidiary Tri-Arrows Aluminum Holding (TAAH) to acquire the stake.

In addition to the 100 million dollars, the deal also includes taking on 49% of debt of approximately 80 million dollars, the company said.

The deal should close by mid-January 2019. The Bowling Green's facility is expected to reach full production in 2020.

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