LUXEMBOURG (dpa-AFX) - Befesa S.A. (BFSA.F), a provider of industrial waste
recycling services, Friday said it has acquired the remaining 50 percent stake
in Recytech, the company's steel dust recycling services joint venture with
Recylex S.A. in France, for 40 million euros.

Befesa was managing all the operations of the entire site over the past year
during Recylex's insolvency proceedings.

Javier Molina, Executive Chair of Befesa, said, 'Europe remains our core
business, and the acquisition of the remaining 50% in Recytech represents the
opportunity to strengthen our leadership position in this crucial market,
positioning us for further
growth.'

The consideration of 40 million euros represents an EBITDA multiple of 3.5 times
considering a through-the-cycle EBITDA, the company said in a statement.



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