News Business

SODECIA reinforce is position in Central Europe

SODECIA invested in Matador Automotive – Part of Matador Group last year by purchasing a stake of 30% of its share capital. The goal was to increase our industrial capacities in the division of Body in White (the Automotive Division) in central Europe, in particular to expand the activities supplying structural steel and aluminium parts and assemblies to premium vehicle manufacturers.
Now, in accordance with the respective agreement, SODECIA share in Matador Group has grown to 60%, with legal effect at 31th October 2018, through the acquisition of another 30% stake per the completion of a call option.
Matador Group, for all legal aspects, is now an integral and relevant part of SODECIA Group.