Tata Steel Ltd has informed FreePress that Corus and Klesch & Company have signed Share Purchase Agreement for acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch.
Corus and Klesch have today announced that they have signed a Share Purchase Agreement (SPA) for the acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch. The signing follows completion of the internal consultation and advice process and the receipt of necessary regulatory clearances. Completion of the transaction remains subject to certain conditions being fulfilled by both parties.