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05 Jan
15:43

Ascometal nears acquisition of Saint-Saulve mill: reports

The completion of the acquisition by French special steel producer Ascometal of a majority share to control Vallourec’s Saint-Saulve steelmaking mill is expected in the coming weeks, local sources report. The two companies have been in negotiations regarding this project since the summer (see Kallanish passim). While a final agreement was expected by Ascometal and Vallourec by the end of 2016, local media now suggest that the signing of the deal is imminen…
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