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01 Jun
19:31

Essar Algoma advances with bankruptcy emergence plan

Bankrupt Canadian steelmaker Essar Steel Algoma is moving into the final phase of its sale and investment solicitation plan, Kallanish learns from a company announcement. The second round of bids for the company’s assets in Sault Ste. Marie, Ontario, will now be whittled down and binding bids accepted through 30 September, according to documents filed with the Ontario Superior Court of Justice. Bidders now have access to more detailed company information, …
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