21
Nov
15:01
America’s KKR acquires 100% control of Gallardo Balboa
American investment fund Kohlberg Kravis Roberts (KKR) has acquired a 100% stake in Spanish steelmaking group Gallardo Balboa, Kallanish notes.
According to media reports, the group has breached its commitments to KKR, including the capital investment that was necessary to protect the interests of shareholders and the company.
Workers' representatives and KKR held a meeting on 20 November at the headquarters of Gallardo Balboa in Jerez de los Caballeros. …
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Very good overview of the weekly steel market.
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