Commercial Metals Company Completes Sale Of Croatian Pipe Mill

Commercial Metals Company announced the completion of the sale of Croatian Pipe Mill and wholly owned subsidiary, CMC Sisak, d.o.o. (CMC Sisak), pursuant to a definitive purchase agreement whereby CMC sold all of the outstanding shares of CMC Sisak to the Danieli Group - Steel Making Division by the Danieli holding company, Industrielle Beteiligung SA (Danieli). Total consideration for the sale is approximately USD30.4 million. Pursuant to the purchase agreement, certain assets of CMC Sisak are excluded and CMC is continuing to market those assets. Deutsche Bank Securities Inc. assisted CMC as the financial advisor on this transaction.