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ACQUISITION AND DISPOSAL OF SUBSIDIARIES
 12 Months Ended
Dec. 31, 2024
Business Combination and Discontinued Operations [Abstract]  
ACQUISITION AND DISPOSAL OF SUBSIDIARIES NOTE 23 - ACQUISITION AND DISPOSAL OF SUBSIDIARIES
On August 29, 2024, the Group acquired a 51% controlling interest in Railtech Alu-Singen (“RAS”) located in France and
part of Automotive Structures & Industry segment, an entity in which Constellium already held a non-controlling interest. The
transaction price was a cash consideration of $3 million. Net of cash & cash equivalent acquired of $6 million, the transaction
amounted to a positive cash-flow of $3 million. As a result of the transaction, a goodwill of $5 million was recognized as of
September 30, 2024 since our previous non-controlling interests were revalued resulting in a $3 million gain recognized in
other gains and losses.
On September 29, 2023, the Group disposed of its interest in its subsidiary Constellium Extrusions Deutschland GmbH
("CED"), which was classified as held for sale in the June 30, 2023 Consolidated Financial Statements. The Group received a
total cash consideration of $54 million for net assets at the date of disposal of $5 million. The disposal of CED generated a
$47 million gain net of transaction costs and the proceeds net of cash disposed amounted to $51 million.
On February 2, 2023, the Group disposed of its interest in its subsidiary Constellium Ussel S.A.S. The Group received cash
consideration of $2 million for net assets at the date of disposal of $4 million. The disposal of Constellium Ussel S.A.S., after
transaction costs, generated a $3 million loss and the proceeds net of cash disposed amounted to $0.3 million.
ACQUISITION AND DISPOSAL OF SUBSIDIARIES NOTE 23 - ACQUISITION AND DISPOSAL OF SUBSIDIARIES
On August 29, 2024, the Group acquired a 51% controlling interest in Railtech Alu-Singen (“RAS”) located in France and
part of Automotive Structures & Industry segment, an entity in which Constellium already held a non-controlling interest. The
transaction price was a cash consideration of $3 million. Net of cash & cash equivalent acquired of $6 million, the transaction
amounted to a positive cash-flow of $3 million. As a result of the transaction, a goodwill of $5 million was recognized as of
September 30, 2024 since our previous non-controlling interests were revalued resulting in a $3 million gain recognized in
other gains and losses.
On September 29, 2023, the Group disposed of its interest in its subsidiary Constellium Extrusions Deutschland GmbH
("CED"), which was classified as held for sale in the June 30, 2023 Consolidated Financial Statements. The Group received a
total cash consideration of $54 million for net assets at the date of disposal of $5 million. The disposal of CED generated a
$47 million gain net of transaction costs and the proceeds net of cash disposed amounted to $51 million.
On February 2, 2023, the Group disposed of its interest in its subsidiary Constellium Ussel S.A.S. The Group received cash
consideration of $2 million for net assets at the date of disposal of $4 million. The disposal of Constellium Ussel S.A.S., after
transaction costs, generated a $3 million loss and the proceeds net of cash disposed amounted to $0.3 million.