Hebei iron and Steel Group and JCDecaux Holding Group signed the equity cooperation agreement in Beijing

On the morning of November 18, Hebei Iron and Steel Group (HBIS) and JCDecaux Group Holdings DufercoDPH in Beijing signed a cooperation agreement equity, Hebei Iron and Steel Group Holdings, the world's largest iron and steel trade and integrated service providers -- Degao international trade holding company DufercoDPH stake to 51%.

Hebei Iron and steel group was established in 2008, with 18 home directly under the branch, to iron and steel industry, iron and steel, equipment manufacturing, financial services, modern logistics four plates across the, with an annual output of about 46 million tons of steel, for six consecutive years among the world's top 500, the year ranked 271. Davco is the world's largest iron and steel trade and integrated service providers, annual sales of steel products and raw materials about 22.2 million tons, for the global more than 4.3 million customers to provide services.

Hebei Iron and Steel Group chairman Yu Yong said that after controlling JCDecaux, Hebei Iron and Steel Group will play advantages of scale and influence, the JCDecaux itself into a stronger core competitiveness and sustainable development of international well-known trader and overseas listed companies. At the same time, by JCDecaux global layout of the marketing network, an accurate grasp of the international market demand, improve international market share, group of iron and steel industry chain to the global terminal extension, contributed to the group as soon as possible from steel suppliers to the service provider of integrated production and operation mode, to improve the full range of global sales, profitability and brand influence group.

JCDecaux Holdings Group Chairman Bruno Bauer (Bruno bolf) said, "I Davco was founded in 1978 as a four founds one of people, not lost control of the company and sad. Davco has a strong industrial partners is essential for the international trade business, the company has the opportunity to continue to grow, and continue to expand the international influence and enhance the ability of successful operations. Hebei iron and Steel Group, as well as equity management, the existing shareholders, this cooperation is the ideal choice for the future of the success of the face."