15
Apr
10:38
Bayi signs restructuring agreement with Baosteel
Xinjiang’s Bayi Iron & Steel has signed a framework agreement around a major restructuring of assets with its parent company Baosteel. Bayi Steel will probably buy the industrial gas assets owned by the Baosteel Group, Kallanish learns.
Bayi Steel will issue stock and pay cash to Baosteel and its subsidiary companies. It may also acquire minority stockholder's interest in a Baosteel subordinate joint venture company. Details such as the partie…
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Anonymous
Very good overview of the weekly steel market.
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