SMS group takes over majority share in Paul Wurth

The SMS group, well known group of global players in plant and machinery construction for steel and nonferrous metals processing, took over 59.1 percent of the shares in Paul Wurth S.A., Luxembourg, that were previously owned by ArcelorMittal (48.1 %) and the Luxembourg fund Luxempart (11.0 %). 40.8 percent of the shares remain with the Luxembourg shareholders controlled by the state.
The purchase is still subject to review and approval by the anti-trust authorities.
Paul Wurth, supplier of blast furnaces, coking plants, and green technology for metallurgical plants, will continue to operate as selfstanding corporation within the SMS group. Sales in 2011 for Paul Wurth totaled EUR 491 million. 
Click here to read the corporate press release.