24
Feb
03:40
Nippon Steel increases investment in Vallourec
Nippon Steel Corporaton announced on 20 February it had reached agreement with Vallourec S.A. to increase its shareholdings in the French tube-maker through a rights issue, Kallanish notes.
Nippon Steel plans to subscribe to approximately 10% of Vallourec's shares through the issue. Nippon Steel will invest up to €35 million in the purchase. The move is subject to the approval at Vallourec's shareholders' meeting on 20 April 20…
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Very good overview of the weekly steel market.
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