19
Nov
19:02
Finance house buys major share in Stelco
Toronto-headquartered Fairfax Financial Holdings says that it has acquired a major stake in Canadian steelmaker Stelco, Kallanish notes.
The finance company, engaged in property and casualty insurance and reinsurance and investment management, has purchased a total of 12,200,000 common shares of Stelco Holdings Inc it says. This represents 13.7% of the steelmaker’s issued and outstanding common shares. Fairfax paid CAD 20.50 ($15.5) per share, it confirms,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous