13
Feb
10:11
Competition tribunal approves AMSA's Highveld Structural Mill acquisition
South Africa’s competition tribunal has approved unconditionally the acquisition by ArcelorMittal South Africa (AMSA) of Highveld Structural Mill (HSM).
AMSA entered into an agreement to acquire the eMalahleni, Mpumalanga-based heavy sections mill last summer (see Kallanish passim). The unit was revamped and restarted by Highveld’s business rescue practitioners after Evraz Highveld was declared insolvent in 2015. Since its restart AMSA has been supplyi…
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