Asset Acquisitions and Disposals::Acquisition of an Interest in Steel & Tube

Issuer & Securities

Issuer/ Manager
BLUESCOPE FINANCE (AMERICAS) LLC
Securities
BLUESCOPEUS$300M4.625%N230525 - XS1823166100 - 8XFB
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
17-Oct-2018 09:23:34
Status
New
Announcement Sub Title
Acquisition of an Interest in Steel & Tube
Announcement Reference
SG181017OTHRM6AT
Submitted By (Co./ Ind. Name)
BlueScope Steel Limited
Designation
Company Secretary
Effective Date and Time of the event
17/10/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
BlueScope Steel Limited announced that its wholly owned subsidiary New Zealand Steel Limited has acquired approximately 15.8% of the shares in Steel & Tube Holdings Limited (Steel & Tube) for a total consideration of A$42.3M. Steel & Tube is a customer of New Zealand Steel. Neither BlueScope nor New Zealand Steel has any intention to make a takeover offer for Steel & Tube.