John Cockerill India Limited Secures Extension for Purchase Price Advance

John Cockerill India Limited Secures Extension for Purchase Price Advance​

John Cockerill India Limited has received a second waiver extending the deadline for a purchase price advance related to the acquisition of John Cockerill Metals International SA, Belgium. The extension, granted by John Cockerill SA, the parent company, allows the payment of the €5,000,000 (Euro Five Million) advance until June 30, 2026.

The acquisition, initially announced in December 2025, aims to consolidate and enhance the metals business operations of the John Cockerill Group within John Cockerill India Limited. The total consideration for the acquisition is approximately Euro 50 million.

Part I of the transaction, which entailed the transfer of the carved-out metal business and shares in German and Chinese subsidiaries to John Cockerill Metals International SA, was completed on January 1, 2026. The cost of Part I of the transaction amounted to €29,668,227 (Twenty-nine Million Six Hundred and Sixty-eight Thousand and Two Hundred and Twenty-seven Euros).

The acquisition, considered a related-party transaction conducted at arm's length, will result in John Cockerill India Limited acquiring 100% of the equity shareholding in John Cockerill Metals International SA. John Cockerill Metals International SA was incorporated in Belgium on September 30, 2025, and has a paid-up share capital of 24,856,545 Euros. The consideration for the acquisition will be made through an upfront cash payment, with the balance to be paid on a deferred basis. Part II of the proposed transaction will be completed on or before December 31, 2026.

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