12
Apr
17:16
Insolvent Czech coal miner submits restructuring plan
Insolvent Czech coal miner OKD has submitted a 2,200-page restructuring plan to Ostrava’s regional court. Among other things, the plan details the process of finding a strategic investor and satisfying the demands of creditors.
According to local media reports, OKD agreed last week to transfer its production assets into a newly-created company that will be acquired by state-owned investment vehicle Prisko. This comes after the miner was unable to secure an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous