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Ana Maria Icatoiu, Smart Eco Plus
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Alro to proceed with a public offering of shares in the company

Alro today announces that its major shareholder, Vimetco N.V., and Conef S.A., intend to proceed with a public offering of shares in the company.

2018-06-18 09:49:29

The Company together with its subsidiaries is one of the largest vertically integrated aluminium producers in Europe measured by production capacity with operations throughout all major stages of aluminium production.

The Group consists of upstream and downstream divisions, from the mining and refining of raw materials to the production and sale of primary and processed aluminium products (comprising flat rolled products and extruded products). The Group's Sales and EBITDA in 2017 were 2.7 billion RON (approximately 679 million USD) and 566 million RON (approximately 140 million USD) respectively.

Marian Nastase, Chairman of Alro, commented: "This is exciting news for Alro. Alro has become a key player in the global aluminium market, with strong heritage, scale and international presence. We have a strong management team, that has worked together for many years with a clear strategy to continue to grow Alro's presence with major customers across the EU and beyond, and a proven track record of growth and strong cash flow generation."

Vimetco N.V. currently holds 84.2 per cent of the shares in Alro. The Selling Shareholders expect to offer shares in Alro to institutional investors and retail investors in Romania, and to eligible investors outside of Romania.

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