20
Jan
12:09
Romanian government to acquire rebar mill COS Targoviste
The Romanian government plans to take over insolvent rebar producer Combinatul de Oteluri Speciale (COS) Targoviste in exchange for the mill’s state debt, the firm’s administrator says in a stock exchange filing.
The move is part of the rebar mill’s modified restructuring plan proposed by majority shareholder Alphard Financial Corp, which was submitted to the Dambovita court. It is awaiting court and creditors’ approval.
Last year COS Targ…
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Very good overview of the weekly steel market.
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