Industry Newsroom

Jet Exits MSV Metal Studénka to MORAVIA STEEL

Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a Czech Republic-based industrial group. Jet originally invested in MSV Metal Studénka, which produces custom forgings and components for rail vehicles, through Jet 1 in 2013. Financial details of the transaction were not disclosed.