Aperam signs agreement to acquire ELG for an enterprise value of EUR 357 million

LUXEMBOURG: Aperam (AMS: APAM) has signed a Share Purchase Agreement with Franz Haniel & Cie. Gmbh to acquire ELG for an enterprise value of EUR 357 million. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, delivering 1.3m tonnes of materials annually, employing 1,300 FTEs…