22
Dec
11:03
JSW Italy consolidates stake in Piombino
JSW Steel Italy has entered into a share purchase agreement with South Africa’s Industrial Development Corporation (IDC) to consolidate its stake in GSI Lucchini (GSI). JSW, which already owns 69.67% of GSI, intends to acquire the remaining 30.73% from IDC for €1 million ($1.2m), Kallanish learns from the Indian producer.
The transaction is subject to fulfilment of conditions mentioned in the share purchase agreement. The manufacturing unit of GSI is lo…
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Anonymous
Very good overview of the weekly steel market.
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