20
Apr
13:45
Czech government acquires coal miner OKD
Czech state-owned investment vehicle Prisko has fully acquired for CZK 80 million ($3.88 million) coking coal miner OKD following a restructuring approved by OKD’s creditors last year.
The healthy part of OKD’s business was transferred to a newly-established company, OKD Nastupnicka, which was then purchased by Prisko and renamed to OKD. The miner therefore carries the same name but is an entirely separate entity.
OKD’s new president is form…
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Very good overview of the weekly steel market.
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