09
Aug
13:05
Saudi wealth fund eyes rebar mill acquisition: sources
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is mulling acquiring a stake in a major Saudi steelmaker.
PIF is in talks with a Riyadh-based rebar producer, a tier-two mill, to buy into the company and retain the existing management to run the business, Kallanish learns from steel market and finance sector sources.
The steelmaker has a 350,000 tonnes/year rebar mill at the site in Riyadh and an electric arc furna…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous