Astorg becomes shareholder in ARMOR-IIMAK

Astorg becomes shareholder in ARMOR-IIMAK

Wednesday, May 4 marks the official entry of the European private equity company Astorg into the capital of ARMOR-IIMAK, an ARMOR group company, as minority shareholder (40%). Following ARMOR’s merger with its US competitor IIMAK, giving birth to ARMOR-IIMAK...
Astorg becomes shareholder in ARMOR-IIMAK

Astorg to acquire about 40% of ARMOR-IIMAK’s capital

At the beginning of 2022, ARMOR-IIMAK and Astorg announced the signing of an exclusive negotiation agreement, where Astorg acquires approximately 40% of ARMOR-IIMAK’s capital. The new ARMOR-IIMAK entity was formed in October last year and was said to have consolidated...