The French company PECHINEY has announced the creation of a joint venture with German SKW METALLURGIE (German group DEGUSSA), to which it has sold the control of three factories of its electrometallurgy branch. The new entity called SKW STAHL HOLDING should be created end 2001. PECHINEY will hold a blocking minority (that is, 25.1% of the capital), the remainder being owned by SKW METALLURGIE that could thus increase its consolidated sales by around EUR 103 million to bring them to a total...