AMG Advanced Metallurgical Group N.V. announces that its Supervisory Board has authorized AMG’s Management Board to retain financial advisors to explore strategic alternatives for AMG Engineering’s ALD Vacuum Technologies GmbH („ALD“) unit. These alternatives may include a potential listing of ALD on the Euronext Amsterdam stock exchange or the sale of an interest in ALD.
This step is consistent with AMG’s strategic direction to simplify its structure and focus on expanding and optimizing its critical materials, mining, and processing activities. The benefits for ALD include direct access to capital markets for growth opportunities. AMG will update the market on this process during the third quarter earnings release in November.