Euronext Brussels welcomes Viohalco on its market

PUBLISHED: Nov 30 2013 @ 17:02 | Comments (0) |

Viohalco SA/NV, the holding company of a large metals group, has celebrated its listing in Brussels on Euronext N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE:ICE).

This happened in the context of the mergers by absorption by Viohalco SA/NV of the Greek company Viohalco Hellenic Copper and Aluminium Industry SA and the Belgian company Cofidin SA.

Viohalco is a holding company with participations in companies active in the processing and trading of metal products and related services: aluminium, copper, cables, steel and steel pipes, while it is also active in real estate development. Net sales are distributed geographically as follows: Europe (84.0%), the Americas (8.4%), Asia (5.3%), Africa (2.1%) and Oceania (0.2%).

The listing of Viohalco (ticker symbol: VIO) on Euronext in Brussels took place on 22 November 2013, with the creation of 219,611,308 shares resulting from the merger transaction. The reference price of Viohalco shares was €4.19 per share, valuing Viohalco at €920 million at the listing date.

“Euronext welcomes Viohalco to Brussels. Viohalco’s listing raises its visibility with investors in Europe. We congratulate Viohalco on its listing and look forward to a long-standing partnership with the company and its shareholders,” declared Vincent Van Dessel, Chairman and CEO of Euronext Brussels.

“We are delighted with Viohalco’s listing on Euronext Brussels and congratulate the company in joining a community of over 160 additional international issuers listed on our European markets.” said Alain Baetens, Head of Listings of Euronext. “It confirms the attractiveness of our markets for international issuers as a natural choice of listing in view of the benefits it brings in terms of depth of liquidity, international visibility and additional access to new financing sources.”

“Today is a great day for Viohalco. Our European long term strategy and orientation are further strengthened and our historic ties with Belgium sealed. We strongly believe that Viohalco’s listing in Brussels today, will boost its visibility and enhance its access to international capital markets.” said Jacques Moulaert, Vice-president and Executive Director of Viohalco.

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