17
Aug
16:02
Insolvent OKD secures state loan to aid restructuring
Insolvent Czech coal miner OKD has secured a €700 million ($789m) emergency loan from the finance ministry to enable the firm to operate until its restructuring plan is approved.
The agreement was concluded under “… normal market conditions,” including interest rates and collateral in the form of a pledge of the whole OKD plant, the finance ministry says in a statement seen by Kallanish. It was agreed with the ministry-owned investment ve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous