AFARAK GROUP SE AND ITS GROUP COMPANIES ARE EVALUATING POTENTIAL ACQUISITION OF THE METAL FACTORY OF ABS SISAK D.O.O. LOCATED IS SISAK, CROATIA.
Afarak Group SE is evaluating the potential acquisition of the ABS Sisak metal factory in Croatia from Italian company ABS, a subsidiary of Danieli Group. The proposed deal, valued at approximately 200 million euro, includes the installation of a new rebar production line with a capacity of 500,000 metric tons per year, aiming to reduce Croatia's reliance on steel imports. This move could significantly impact the company's specialty alloys and ferroalloys businesses by expanding its production capabilities.
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11:45 London, 13:45 Helsinki, 01 July 2026 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
Afarak Group SE and its group companies are evaluating potential acquisition of the metal factory of ABS SISAK d.o.o. located is Sisak, Croatia.
Stock Exchange Release
Afarak Group SE and its group companies are evaluating potential acquisition of the metal factory of ABS SISAK d.o.o. located is Sisak, Croatia.
The discussions are held with the with the Italian ABS , a company belonging to the steel division of the Italian Danieli Group. The target of the discussion is acquisition of the ABS Sisak plant for the resumption of production, and the installation of a new production line for rebar, with a capacity of approximately 500,000 metric tons per year.
Today, Croatia imports nearly all of its construction steel—about 400,000 metric tons per year—so domestic production would directly reduce dependence on imports. The total value of the deal, including the installation of the mini mill developed by Danieli, a compact and energy-efficient production model that transforms ferrous scrap into rebar, wire rod, and bars for the construction industry, is in the order of 200 million euro.
At this stage there are no binding obligations between the parties. This stock exchange release is published because the Croatian media has published some information about the potential transaction. Some of the information in the media is incorrect/inaccurate. Afarak will not comment on the issue further at this point.
Helsinki, July 1, 2026
AFARAK GROUP SE
Board of Directors
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.