27
May
01:00
Sidenor to merge with Viohalco to inject funding into Greek steel plants
Sidenor Holdings has proposed to merge by absorption with Belgian industrial holding Viohalco in order to secure immediate aid and long-term financial support for Sidenor’s Greek steel plant subsidiaries.
The move has been approved by the boards of directors of the two firms, both holding companies with no direct production activity, and must now be given shareholders’ approval before it goes ahead. The whole process is expected to be completed i…
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Anonymous
Very good overview of the weekly steel market.
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