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17 Jan
14:12

Bid process for Ascometal nears completion

The fate of Ascometal, the French special steels' supplier that filed for bankruptcy in November 2017, is set to be decided by the end of January. Bidders have until Friday 19 January to improve their offers, Kallanish learns from sources. The two frontrunners in the bidding process are believed to be the UK-based Liberty and Switzerland's Schmolz + Bickenbach (S+B). Their bids are the most comprehensive in terms of the productio…
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