10
Sep
10:48
Pangang V&T to purchase Xichang Vanadium
Pangang Group subsidiary Vanadium Titanium & Resources (Pangang V&T) says it is preparing to purchase 100% equity of Xichang Vanadium Products Technology, which is also held by Pangang Group through Xichang Steel Vanadium, Kallanish notes.
According to the agreement signed last week, Pangang V&T will pay CNY 4.6 billion ($714 million) in cash. Through the acquisition, the company expects to eliminate horizontal competition between the tw…
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Anonymous
Very good overview of the weekly steel market.
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