29
Mar
14:05
JSW completes delayed Bhushan Power & Steel acquisition
JSW Steel has completed the delayed acquisition of Bhushan Power & Steel (BPSL), Kallanish notes. JSW’s Resolution Plan was approved in 2019 but with modifications which the firm appealed, while certain BPSL creditors also filed appeals.
The acquisition has been performed through Piombino Steel (PSL), which since Saturday is 49% owned by JSW Steel and 51% by JSW Shipping. The two firms will jointly control and manage BPSL through PSL. JSW Steel cont…
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Anonymous
Very good overview of the weekly steel market.
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