11
Oct
12:13
Aveng agrees to sell Trident to local-US consortium
Aveng has entered into a sales agreement to dispose of subsidiary Trident Steel to Trident Steel Africa Proprietary Limited, a consortium of local and USA private capital, Kallanish notes.
Aveng said in June it was in advanced negotiations with a credible buyer to sell the wholly-owned service centre subsidiary (see Kallanish passim).
The consortium includes US private equity firm Ambassador Enterprises LLC, Joseph Investments Proprietary Limited and Arbor Capit…
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Anonymous
Very good overview of the weekly steel market.
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