UBS Warburg secures Pechiney acquisition

UBS Warburg is acting as sole financial adviser to Pechiney on its latest acquisition, marking a step forward in its relationship with the French aluminium group.

Pechiney is to buy the aluminium rolled products and extrusions businesses of Corus, the Anglo-Dutch steel company, for an expected €750m ($733m). In addition, Pechiney will also take over €48m of pension liabilities.

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