15
Sep
15:24
Stemcor restructures, appoints new executive chairman
Moorgate Industries Ltd (MIL), formerly Stemcor Holdings Limited, says that it has entered into a lock-up agreement with its lenders ahead of a Scheme of Arrangement and the implementation of its financial restructuring. The company has also appointed a senior industry professional as its executive chairman, MIL says in a statement monitored by Kallanish.
The agreement, which is expected to complete in October, will see the demerger of MIL into two groups. The c…
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