As of September 12, 2013, the voestalpine Group announced that over the next three years it will gradually sell its 38.5% interest in VA Intertrading Aktiengesellschaft to an investor. Due to a lack of synergies, a business relationship between the voestalpine Group and VA Intertrading Aktiengesellschaft has not existed recently. As of September 12, 2013, a purchase agreement was signed with the purchaser, Calexco S.a.r.l., Luxembourg, thereby successfully concluding the sale. A purchase price in the low two-digit millions was agreed for the 38.5% interest. With the approval from antitrust authorities as of April 30, 2014, a 30.57 percent interest in VA Intertrading Aktiengesellschaft was divested immediately, with the remaining 7.93% to follow in the next three years. In accordance with the structure of this transaction, voestalpine AG will remain a non-controlling stakeholder in VA Intertrading Aktiengesellschaft until 2017.
