28
Apr
14:06
Bangladesh’s SS Steel to acquire Al Falah Steel
Bangladesh-based SS Steel says it is making an equity investment to acquire 99% of Al-Falah Steel and Re-Rolling Mills, amounting to BDT 87.46 crore ($10.13 million). The company aims to invest a further BDT 96.68 crore as a share money deposit for the transition of shares from Al Falah Steel to SS Steel, Kallanish notes.
“The said investment alone is expected to increase the turnover of SS Steel Limited by approximately BDT 450 crore per annum towards the y…
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