Compañía Minera Autlán, S.A.B. de C.V. (BMV:AUTLAN B) entered into an agreement to acquire remaining majority stake in Metallorum Holding, S.A.P.I. de C.V.
March 07, 2018
Share
Compañía Minera Autlán, S.A.B. de C.V. (BMV:AUTLAN B) entered into an agreement to acquire remaining majority stake in Metallorum Holding, S.A.P.I. de C.V. on March 8, 2018. The agreement establishes that Autlán could acquire the remaining equity by paying in cash for a portion of the shares of Metallorum and/or by the transfer of Autlán’s shares to Metallorum’s shareholders due to the merger of the companies, in which Autlán will be the merging entity. The cash consideration will be paid using cash or available lines of credit. The acquisition is subject to final authorization by the corresponding corporate entities including Autlán’s shareholders meeting, regulatory permits, as well as governmental and third-party approvals necessary for its closure. As of June 4, 2018, the Comisión Federal de Competencia Económica approved the deal. The transaction is expected to be completed during the second quarter of 2018.
Compania Minera Autlan SAB de CV is a Mexico-based company primarily engaged in the mining, exploitation, production and sale of manganese ore and manganese ferroalloys. The Companyâs activities are divided into three divisions: Ferroalloys, Manganese and Energy. The Ferroalloys division is responsible for the manufacture of manganese ferroalloys for steel sector, including high, medium and low carbon ferromanganese, as well as silicomanganese, among others. The Manganese division focuses on manufacturing of manganese nodules, manganese carbonates, battery and ceramic grade natural manganese dioxides and manganous oxide. The Energy division generates energy through hydroelectric power plant. The Company operates through a number of subsidiaries, such as Autlan Metal Services SA de CV, which offers complementary products of the steel industry to its customers. The Company is owned by Autlan Holding SAPI de CV.
Compañía Minera Autlán, S.A.B. de C.V. (BMV: AUTLAN B) entered into an agreement to acquire remaining majority stake in Metallorum Holding, S.A.P.I. de C.V.
COMPAÑÍA MINERA AUTLÁN, S.A.B. DE C.V. 
