Plansee Group Sells PMG

Western EuropeGermany ♦ Published: December 16, 2011; 15:03 ♦ (Vindobona)

The Austrian provider of metallurgically manufactured products sells the business division to a German asset management company.

Plansee Group Sells PMG / Picture: © Plansee

The Plansee Group and the German asset management company "Erben Dr. Karl Goldschmidt GmbH" (VVG) agreed on the sale of the business division PMG. The price has not been disclosed.

The Austrian company announced its intention to sell PMG back in spring this year, as it plans to focus more strongly on developing its molybdenum and tungsten-based materials in the future. Michael…

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