Severfield PLC - North Yorkshire, England-based structural steel group - Says that, following the satisfactory completion of the works council consultation process as required under Dutch law, it has now completed the acquisition of Voortman Steel Construction Holding BV for €24 million.

Says Voortman is a profitable cash generative business based in Rijssen, the Netherlands, and will provide the company with a manufacturing base in Europe.

Current stock price: 61.00 pence

12 month change: down 6.7%

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