# Mutares sells Special Melted Products to Cogne Acciai Speciali

Mutares SE & Co. KGaA has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS) for an enterprise value of approximately EUR 180 million. Closing is expected in Q2 2023.

- Type: Acquisition
- Announced: 2023-05-05
- Where: Sheffield, UK, United Kingdom
- Value: $198.0M (180.0M EUR)
- Status: announced
- Products: premium specialty steels, nickel-based Super Alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md)
- [Special Melted Products Limited](https://endata.com/companies/62838.md) (target)
- [Cogne Acciai Speciali](https://endata.com/companies/63166.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/MUTARES-SE-CO-KGAA-45615650/news/Mutares-Signs-an-Agreement-to-Sell-Special-Melted-Products-to-Cogne-Acciai-Speciali-for-an-Enterpris-43775881/), 2023-05-05: "Mutares SE & Co. KGaA has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS)."

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