10
Jul
09:31
Regulator approves Dongbu Steel sale
The sale of South Korea’s Dongbu Steel has received approval from the country's Fair Trade Commission. The deal will hand control of the creditor-controlled steel mill to KG Group, Kallanish notes.
Logistics and chemicals conglomerate KG Group signed a deal alongside Cactus Private Equity in June to jointly take a controlling stake in Dongbu steel from creditors, led by the Korea Development Bank. The KRW 360 billion ($305 million) deal would see …
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Anonymous
Very good overview of the weekly steel market.
Anonymous