26
Jan
00:00
Moravia Steel looks to take stake in Slovenian engineering steelmaker: reports
The Czech Republic’s Moravia Steel could acquire the 29.3% stake of engineering firm Unior in Slovenian engineering steelmaker Store Steel, according to local press reports. Store currently supplies products to Unior.
Unior is reported to be looking to sell its share because it needs to cut its debts. The sales process is still in the early stages and due diligence has not yet been carried out. Moravia Steel is said to be offering €40-50 million (…
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Anonymous
Very good overview of the weekly steel market.
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