Austria: voestalpine Sells its Interest in VA Intertrading

Industrials › Basic Resources ♦ Published: September 13, 2013; 10:28 ♦ (Vindobona)

The voestalpine Group announced today that over the next three years it will gradually sell its 38.5% interest in VA Intertrading to an investor.

Austria: voestalpine Sells its Interest in VA Intertrading / Picture: © Voestalpine AG

Due to a lack of synergies and divergent strategies, recently there has been no business relationship between the voestalpine Group and VA Intertrading. For the business year 2012, revenue at VA Intertrading amounted to around EUR 1.3 billion (2011: EUR 1.1 billion). VA Intertrading is a free commodity trader, dealing mainly in steel as well as food and animal feed.

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Voestalpine, Steel Industry, Downsizing
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