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13 Mar
16:45

Stelco solidifies Bedrock investment plan

Hamilton, Ontario-based steelmaker Stelco has drawn up a new financial plan to smooth out its financial woes, Kallanish reports. The new plan of compromise, arrangement and reorganization will be submitted to an Ontario Superior Court of Justice for approval. The company – formerly the Canadian wing of US Steel – has already signed a acquisition and plan sponsor agreement with investment company Bedrock Industries Group. "Sustained, construct…
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