20
Jan
14:49
Hadisolb rights issue to raise funds for rehabilitation
Egypt’s financial supervisory authority has given the go-ahead for Egyptian Iron and Steel Company (Hadisolb) to conduct a rights issue next month.
The steelmaker will issue 488.4 million shares at a nominal value of EGP 2 per share in a bid to raise EGP 976.9 million ($51.3m) that will partly go towards the producer’s much-anticipated rehabilitation. Some funds will also be allocated to the import of coke, as traditional supplier and sister company …
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Anonymous
Very good overview of the weekly steel market.
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