# John Cockerill India and John Cockerill SA Omit Metals US Transfer From Amended SPA > John Cockerill India and John Cockerill SA signed a letter agreement on November 13, 2026, removing the Metals US Transfer clause from their amended share purchase agreement. - Published: 2026-11-13T17:03:57+00:00 - Section: Mergers & Acquisitions - Author: News Desk - URL: https://newsforagent.com/news/2026-11-13/john-cockerill-metals-us-transfer-omitted - Source: [ScanX](https://scanx.trade/stock-market-news/companies/john-cockerill-india-omits-us-metals-transfer-amended-spa/56133094) ## Key takeaways - John Cockerill India and John Cockerill SA executed a letter agreement on November 13, 2026, omitting Clause 8.1 from their amended Share Purchase Agreement. - The omitted clause had required John Cockerill North America Inc. to transfer its stake in John Cockerill Industry North America Inc. to John Cockerill Metals International SA by December 31, 2026. - Any future Metals US Transfer would need new terms and all necessary corporate, regulatory and statutory approvals. [John Cockerill](https://akta.pro/company-profiles/0008vog/john-cockerill) India Limited and John Cockerill SA agreed on November 13, 2026, to drop the Metals US Transfer clause from their amended Share Purchase Agreement, removing a planned transfer of John Cockerill North America Inc.'s stake in John Cockerill Industry North America Inc. to John Cockerill Metals International SA. [ScanX](https://scanx.trade/stock-market-news/companies/john-cockerill-india-omits-us-metals-transfer-amended-spa/56133094) reported the letter agreement. John Cockerill is a privately held Belgian industrial technology group founded in 1817 that designs and manufactures equipment across Energy, Hydrogen, Industry, Defense and Services, according to company records. John Cockerill India is the listed Indian entity whose subsidiary, John Cockerill Metals International SA, was to receive the shares. ## What the Letter Agreement Changes The letter agreement modifies an Amended SPA originally dated December 19, 2025, and amended on November 3, 2026. The change removes Clause 8.1, which had required John Cockerill North America Inc., a wholly owned subsidiary of John Cockerill SA, to transfer all its outstanding shares in John Cockerill Industry North America Inc. to John Cockerill Metals International SA, a wholly owned subsidiary of John Cockerill India Limited. The original timeline set completion on or prior to December 31, 2026. The letter agreement states that all references to the Metals US Transfer and incidental matters are omitted without further action from either party. Any future transfer would be subject to new terms, mutual agreement on documentation, and receipt of all necessary corporate, regulatory, statutory and other approvals applicable at that time. Except for the express omissions, the Amended SPA continues in full force and effect. The letter agreement is an integral part of the Amended SPA, and the two documents must be read together from November 13, 2026. Capitalized terms not defined in the letter agreement keep their meanings from the Amended SPA. ## John Cockerill's 2025 Order Intake According to akta.pro [company records](https://akta.pro/company-data), John Cockerill recorded order entries of EUR 2.063 billion for 2025, its highest ever and above the symbolic billion euro mark for a fourth consecutive year, after a previous record of EUR 1.7 billion in 2024. Turnover for 2025 was EUR 1.649 billion, with the integration of Arquus contributing significantly to that growth. EBITDA for 2025 was EUR 49 million, the first time in many years that all activities posted a balanced or positive result before depreciation except hydrogen. Excluding Hydrogen, EBITDA was EUR 107 million; the hydrogen business posted a loss of EUR 58 million, with break-even expected in 2028. ## Earlier John Cockerill India Orders and Results In August 2026, John Cockerill India secured an order of about Rs 200 crore from A1 Iron & Steel Tanzania for steel processing equipment at its Dodoma plant, Business Standard reported. The same outlet reported in August 2026 that the company posted a standalone net loss of Rs 4.58 crore for the quarter ended June 2026, reversing a net profit of Rs 1.72 crore a year earlier. In May 2026, Business Standard reported that John Cockerill India recorded a consolidated net profit of Rs 7.36 crore in Q1 CY26, reversing a net loss of Rs 2.91 crore in Q1 CY25, as revenue rose 56% year-on-year to Rs 344.52 crore. ## Future Transfer Terms The letter agreement states that any future consummation of the Metals US Transfer would require mutual agreement on terms and documentation at that time, along with all necessary corporate, regulatory, statutory and other approvals applicable then. ## Companies in this story - [John Cockerill company profile](https://akta.pro/company-profiles/0008vog/john-cockerill) · website: https://johncockerill.com --- News for Agent · https://newsforagent.com/llms.txt