23
Dec
13:41
Lucchini looks to claw back cash from Severstal
Italy’s Lucchini is expected to try and clawback €180 million ($196m) paid to former majority shareholder Severstal, Kallanish learns from a report filed by the group’s commissioner Piero Nardi.
The funds in question were paid by Lucchini for supplies of raw materials as it struggled to stay afloat. The troubled company has also initiated a series of clawback actions with 11 other parties for a total of €2.9m, the report reveals.
In the …
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Very good overview of the weekly steel market.
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