Toekomstbeeld schreef op 16 juni 2017 17:37:
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Mooi! Zie net de alert binnenkomen. Staan hele interessante details in. Eindelijk duidelijkheid mbt de lease (is feitelijk een aanbetaling uiteindelijk op de aankoopsom van 1,8 miljard).
Purchase price of €1.8 billion, with annual leasing costs of €180 million to be paid in quarterly installments. Ilva’s assets will be initially leased by AM Investco, with rental payments qualifying as down payments against the purchase price. Start of lease expected around year-end 2017, subject to regulatory authorisations. Lease period to be minimum of two years.
Voorwaarden mbt de betaling van de aankoopsom en duidelijk gedefinieerd op basis waarvan. Dus als ik het goed lees, nooit eerder dan over twee jaar. Mogelijk zelfs nog later indien de rechtbank er langer over doet om de assets vrij te geven.
The agreement is subject to, and will become effective upon, the satisfaction of certain conditions precedent, including information and consultation requirements. The actual sale, and payment of the full purchase price, is subject to the lifting of seizures against certain Ilva assets by the Court of Taranto.
The asset sale, and payment of the purchase price, will occur on the later date of the conclusion of the two-year lease period and the lifting of the seizure of certain assets by the Court of Taranto. Transaction closing is also subject to EU merger control approval.
Besparingen en terugverdien tijden
-Identified synergies of €310 million targeted by 2020 (excludes impact from fixed cost reductions and volume improvements)
-Ilva expected to be EBITDA accretive to ArcelorMittal in year one, and free cash flow accretive in year three.
Asset Sale dus geen schuld meegekocht maar wel 1 miljard aan werkkapitaal (dus voorraden/machines/debiteuren/crediteuren).
The assets will be transferred to AM Investco free of long term liabilities and financial debt and includes €1 billion of net working capital.
Productie info en aantal medewerkers commitment.
Finished steel shipments to systematically increase to 9.5 million tonnes, by 2023. Crude steel production limited to 6 million tonnes per annum until AIA provisions complied with; once achieved, commitment to restart blast furnace #5 and increase crude steel production to 8 million tonnes per annum; crude steel production to be supplemented by imported slabs and hot rolled coil, in order to maximise utilisation of Ilva’s finishing facilities, with a commitment to keep at least 10,000 employees for the entire duration of the industrial plan according to the outcome of negotiations with the unions.
The assets will be transferred to AM Investco free of long term liabilities and financial debt and includes €1 billion of net working capital.