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Regulatory News

06/03/2018

Announcement

REGULATED INFORMATION

INSIDE INFORMATION

 

Brussels, 6 March 2018

 

The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

 

Cenergy Holdings S.A. (Cenergy Holdings) announces the initiation of anti-dumping duty (AD) investigation of large diameter welded pipe (nominal diameter above 16.4”) against Greece and five other countries (Canada, China, India, Korea, Turkey) by the U.S. Department of Commerce based on petitions filed by six U.S. producers. Subsequently as a result of the above petitions, the United States International Trade Commission (USITC) determined affirmatively that there is a reasonable indication of material injury or threat of material injury to the domestic U.S. industry by reason of imports of large diameter welded pipe from the above countries.

Cenergy Holdings’ subsidiary, Corinth Pipeworks Pipe Industry S.A., is actively participating in and subject to the AD investigation as the sole producer of large diameter welded pipe in Greece.

Furthermore, it is mentioned that in the ordinary course of things the antidumping investigations are normally lengthy, taking more than eight months to complete.

Finally, Cenergy Holdings considers any assessment of the impact of the above investigation towards its annual consolidated economic results as premature. Cenergy Holdings will keep the investment community informed accordingly.

 

About Cenergy Holdings

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Cablel® Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors. For more information about our company, please visit our website at www.cenergyholdings.com.

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