19
Jan
13:15
Saudi Steel Pipe to acquire remainder of subsidiary
Saudi Steel Pipe Co. (SSP) is in talks to acquire the 30% stake it does not own in process equipment manufacturer Titanium and Steel Manufacturing Company (TSM Arabia).
The stake is currently owned by South Korea’s TSM Tech Company, which is “… facing financial difficulties preventing it from continuing financial support to the subsidiary,” SSP says in a statement seen by Kallanish. SSP currently holds a 70% shareholding in TSM Arabia.
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Anonymous
Very good overview of the weekly steel market.
Anonymous