10
Jul
15:12
Greybull acquires Ascometal, to co-finance relaunch with state
UK investment group Greybull Capital has been awarded France-based Ascometal's four plants, which are currently facing insolvency, the Strasbourg administrative tribunal has ruled.
According to the ruling document obtained by Kallanish, the steelmaker will officially become part of Greybull on 20 July. Sources close to the matter say the French government will provide a €45 million ($43m) loan to the new company this year and €40m next year to suppor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous