15
Apr
15:12
SSP agrees equipment manufacturer subsidiary sale
Saudi Steel Pipe (SSP) has finally taken steps to dispose of its lossmaking Titanium and Steel Manufacturing Company (TSM Arabia) subsidiary. It has signed a definitive asset purchase agreement with Koch Chemical Technology Group Saudi Arabia for the sale of its main operating assets.
The transaction price is $9.7 million, to be paid in cash on closing. The transaction, which is subject to certain approvals, including approval by the General Authority for Com…
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Anonymous
Very good overview of the weekly steel market.
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