The Salzgitter Group has now successfully and finally transferred its 23% stake in Borusan Mannesmann Boru Yatirim Holding AS, Turkey, to the co-owner Borusan.

The buyer Borusan is one of the leading international steel pipe manufacturers. The company has locations in Turkey, Italy, Romania and the USA.

Burkhard Becker, CFO of Salzgitter AG : 'With this successful conclusion, we underline our active portfolio management, which we are pursuing with great strides as part of our group strategy ' Salzgitter AG 2030 '. In our opinion, the sale gives Borusan and its employees the best development opportunities in an important market environment.'

In April 2023, Borusan had already acquired the company Berg Pipe (USA) from EUROPIPE GmbH, whose shareholders are 50% each: Salzgitter Mannesmann GmbH and AG of Dillinger Huttenwerke.

Contact:

Tel: +49 5341 21-2300

Email: moellmann.t@salzgitter-ag.de

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