12
Aug
01:00
Egyptian Steel receives more share capital for expansion, IPO in 2017
Egyptian Steel’s shareholders have injected a further EGP 600 million ($76.6m) of private equity into the firm to support its expansion, according to the firm’s treasurer, Wael Farouk. The producer still plans an initial public offering – on the cards since 2012 – but this is now likely to take place only in 2017.
The latest injection brings the total amount of share capital in Egyptian Steel to EGP 2.3 billion. The remainder of the c…
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Anonymous
Very good overview of the weekly steel market.
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