Arkan Building Materials Company (ARKAN) PJSC (ADX:EMSTEEL) may submit a formal offer to acquire a stake in the steel unit of German industrial group, Bloomberg reported on April 26, 2023, citing unnamed sources. Reportedly, Emirates Steel Arkan is discussing the option to buy a minority stake as part of a collaboration. Under the potential partnership, the Abu Dhabi-based company would make energy-intensive products in the United Arab Emirates, after which Thyssenkrupp would give them the final touch in Germany, turning them into finished products for the automotive industry.
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1.45 AED | +0.69% | +2.11% | +3.57% |
Mar. 06 | Emsteel Building Materials Posts Higher FY23 Profit; Revenue Down | MT |
Feb. 13 | Ensteel Building Materials PJSC Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
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4.733 EUR | +6.17% | +4.99% | 3.15B | ||
1.45 AED | +0.69% | +2.11% | 2.7B | ||
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+18.24% | 4.43B |
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- Emirates Steel Arkan Reportedly Considers Investing in Thyssenkrupp's Steel Unit