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Sumitomo Corp to Acquire 100% Shares of Edgen Group - Asahi Shimbun


Wednesday, 2 Oct 2013 08:00pm EDT 

Asahi Shimbun reported that Sumitomo Corporation and Sumitomo Corporation of America (collectively “Sumitomo Corporation group”), have agreed with United States energy-related steel products distributor, Edgen Group and its 56% shareholder, private equity fund Jefferies Capital Partners to aquire Edgen Group for USD 12 per share. Upon finalization, Sumitomo will purchase 100% of the shares of Edgen Group for a total value of approximately USD 520 million. 

Company Quote

1115.0
19.5 +1.78%
24 Oct 2014