05
Aug
09:00
Bangladesh's SS Steel to acquire compatriot rolling mill
Bangladesh rebar producer SS Steel plans to acquire compatriot long products re-roller Saleh Steel. The move is expected to increase SS Steel’s annual revenue by some BDT 500 crores ($59 million), which it says could help substantially increase profitability.
SS Steel plans to acquire 99% of Saleh Steel’s shares for BDT 24.75 crores and invest a further BDT 134 crores “…for smooth operation,” it says. Saleh Steel, which has an 84,000…
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