30
Mar
07:50
CITIC may disrupt Nangang acquisition
Shagang's takeover of Nanjing Nangang Iron & Steel United Co. (Nangang United), a subsidiary of Fosun High-tech Group, is likely to be disrupted by CITIC's sudden involvement.
According to the latest market rumours, Nanjing Iron & Steel Group (Nangang Group), supported by CITIC Group, has submitted an acquisition plan to the government department and is waiting for approval. This has brought uncertainty to Nangang United's acquisition,&nbs…
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