Vimetco N.V. and Conef S.A. have launched an accelerated private placement offer, for a package of approximately 33.77% of ALRO shares

Wed, 12/19/2018 - 15:18
  • As a result of this operation, Vimetco N.V. will continue to hold about 54.19% of ALRO's share capital and Conef S.A. will disburse its entire stake in the Company

Slatina, December 19, 2018 - ALRO S.A. (BSE: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers and processors, by capacity, in Europe, makes a number of clarifications as a result of the inquiries received from investors, in relation to some sales operations of ALRO packages, in progress.

The majority shareholder, Vimetco N.V., recently informed ALRO that it had, together with the shareholder Conef S.A., launched an accelerated private placement offer of a package of ALRO shares, representing a cumulative percentage of approximately 33.77% of the share capital of the issuer, addressed to institutional investors.

Transactions are being settled and, upon completion, ALRO will inform the investors and the interested public about the new shareholders structure, as required by law.

Following this operation, Conef S.A. will disburse its entire shareholding in ALRO and the majority shareholder Vimetco N.V. will continue to hold a stake of about 54.19% of ALRO share capital.

ALRO believes that the transaction made by its shareholders will bring medium and long-term benefits to both the Company and its investors by significantly improving the liquidity and visibility of the Company on the capital market.

ALRO Group

The companies part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, Alum S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd - marketing. Having this structure, the Group created an integrated production chain, assuring the raw materials for ALRO.


ALRO is subsidiary of Vimetco N.V., a global, vertically-integrated primary and processed aluminium producer. ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe, having an installed production capacity of 265,000 tonnes per year.

The main markets for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO’s products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

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