Jacquet Metals SA (ENXTPA : JCQ) signed a definitive agreement to acquire a Special Steel Distribution Activities in Czech Republic, Poland, Slovakia, Hungary, Lithuania, Eston from Swiss Steel Holding AG (SWX : STLN) on February 16, 2023. JACQUET METALS will be financing the total offer consideration from its existing cash. The Special Steel Distribution Activities have generated total net revenues of ?158 million and an EBITDA of ?12 million in 2022 with 267 employees. Completion of the transaction is subject to customary closing conditions including approval by the relevant anti-trust authorities. The transaction has been approved by the European Commission. The transaction is expected to close in the second quarter of 2023. Philippe Weber and Deirdre Ní Annracháin of Niederer Kraft Frey advised Swiss Steel on the transaction.

Jacquet Metals SA (ENXTPA : JCQ) completed the acquisition of Special Steel Distribution Activities in Czech Republic,Poland,Slovakia,Hungary,Lithuania, Eston from Swiss Steel Holding AG (SWX : STLN) on October 31, 2023. Pierre Deval of Veil Jourde acted as legal advisor to Jacquet Metals SA.