04
Sep
16:04
Court orders Huta Czestochowa liquidation, seeks leasing agreement
The Czestochowa district court has directed ISD Huta Czestochowa (HCz) into liquidation despite receiving an offer last week from Sunningwell International Polska to acquire the Polish plate mill.
According to Polish press reports, the court decided that through liquidation it could secure a higher price for the plate mill than the PLN 240 million ($61m) bid submitted by Sunningwell in a pre-packaged insolvency. The existing court supervisor to HC…
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Anonymous
Very good overview of the weekly steel market.
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