Hargreaves’ German associate HRMS has acquired 94.9% of DK Recycling und Roheisen GmbH (DK) from DK Holdings GmbH for €1. The acquisition represents another important strategic step for HRMS as it adds complementary manufacturing process capability to its specialist commodity trading skills. As previously communicated in relation to the new Carbon Pulverisation Plant (CPP), the aim is to improve HRMS’ revenue visibility and moderate the volatility of earnings in the trading business, creating a ....
10 Dec 2019
Acquisition by HRMS adds further process capability
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Acquisition by HRMS adds further process capability
Hargreaves Services plc (HSP:LON) | 570 102.6 3.2% | Mkt Cap: 187.0m
- Published:
10 Dec 2019 -
Author:
James Tetley -
Pages:
3
Hargreaves’ German associate HRMS has acquired 94.9% of DK Recycling und Roheisen GmbH (DK) from DK Holdings GmbH for €1. The acquisition represents another important strategic step for HRMS as it adds complementary manufacturing process capability to its specialist commodity trading skills. As previously communicated in relation to the new Carbon Pulverisation Plant (CPP), the aim is to improve HRMS’ revenue visibility and moderate the volatility of earnings in the trading business, creating a ....