Acquisition of Stalexport assets by Złomrex

Financial advisory to Złomrex S.A., leading Polish steel group, on the acquisition of the steel trading operations of Stalexport, one of the leading companies in the Polish steel industry

On 1st October 2007 Złomrex S.A. successfully closed the acquisition of Stalexport’s division involved in production and distribution of steel products.

The transaction is characterized by its high complexity and embraces a diverse range of elements such as acquisition of select assets forming an organized part of the Stalexport’s enterprise, as well as shares of Stalexport Trade. As a result of the transaction, Złomrex will substantially strengthen its lead position in the Polish distribution market of steel products.

The agreed consideration equals PLN 122.5m. The final price is subject to several adjustments including the value of working capital and indebtedness, which will be verified by Ernst & Young.

FIDEA acted as the sole financial advisor to Złomrex in this transaction.

Transaction team

Adam JABŁOŃSKI

Adam JABŁOŃSKI

Vice President of the Management Board, Partner

Data

October 2007

Sector

Industrials

Transaction value

PLN 138.7m