John Cockerill India Limited received a second waiver from parent JC SA on €5M advance payment under the SPA, extended to June 30, 2026.
The acquisition of 100% equity of John Cockerill Metals International SA, Belgium is structured in two parts with total cost up to ~€50 million.
Part I costs €29,668,227; Part II cost is to be determined; Part II completion deadline is December 31, 2026.
The target entity, incorporated September 30, 2025, has nil turnover and paid-up capital of €24,856,545 as on December 31, 2025.