Amsterdam, 24 July 2014 — AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) announces that AMG Aluminum has sold its 25% equity interest in Bostlan S.A. (“Bostlan”) to Bostlan’s majority shareholders for cash.
This is the next step in AMG Aluminum’s strategy to divest non-core assets, reposition its global operations, and streamline its organization structure. Mr. Julien Crisnaire, President of AMG Aluminum, stated, “This divestment should enable AMG Aluminum to focus on its core operations, better serve customers globally and enhance AMG’s return on capital”.
AMG Aluminum is the world-leading provider of aluminum master alloys and grain refiners for the aluminum industry. With over 300 employees and five ISO 9001 manufacturing plants in Brazil, China, the United Kingdom, and the United States, AMG Aluminum offers a comprehensive range of products including grain refiners, hardeners, tablets/compacts, strontium modifiers, specialty alloys, mechanical alloys, and chemicals and fluxes for the global aluminum industry.