# HBIS Group acquires Zelezara Smederevo steel mill in Serbia

HBIS Group Co Ltd bought the Smederevo steel mill in Serbia for €46 million ($53 million) in April 2016, turning the loss-making plant into profit within six months.

- Type: Acquisition
- Announced: 2018-08-20
- Where: Smederevo, Serbia
- Value: $53.0M (46.0M EUR)
- Status: completed
- Capacity: 1.4 million metric tons of steel per year (2017)
- Products: steel, hot rolled products, cold rolled products, tin plate
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [HBIS Group](https://endata.com/companies/33829.md) (acquirer)
- [Zelezara Smederevo](https://endata.com/companies/33830.md) (target)

## Sources

- [global.chinadaily.com.cn](https://global.chinadaily.com.cn/a/201808/20/WS5b7a17eda310add14f3869f6_1.html), 2018-08-20: "HBIS bought it out for 46 million euros ($53 million) in April 2016."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.