One Equity Seeks Sale Of AMAG Stake To B&C

B&C Industrieholding has agreed to a purchase of a 29.9 percent stake in Austrian Aluminium Group (AMAG) from erstwhile stakeholder One Equity Partners. The sale will depend on whether the regulatory authorities will permit OEP’s sale of its last 4.2 percent stake in the group. The JP Morgan investment unit’s sale to B&C is sought after by the target company because of the long-term stability it will bring to the shareholder structure. Raiffeisenlandesbank Oberoesterreich is also likely to up its current 11.5 percent share in AMAG to between 15.5 and 17.5 percent.