The Ministry of Defence (MoD) is acquiring Sheffield Forgemasters to support a substantial recapitalisation of the company’s defence-critical plant and equipment over the next 10 years. This investment will secure Sheffield Forgemasters’ role as a critical supplier to the next generation of UK defence programmes, while continuing its independent commercial activities, serving markets such as civil nuclear, oil and gas, power generation, renewables, and steel processing. The MoD has agreed to buy the company’s entire share capital at an offer price of 121 pence per share, equating to total consideration of £2.56m.

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