15
Jul
10:04
Nippon eyes asset sale to fund Essar acquisition
Japan’s Nippon Steel has said it intends to sell more fixed assets than originally planned in order to raise cash for projects such as the purchase of India’s Essar Steel, according to reports in the Nikkei Asian Review. The buy-out, jointly with ArcelorMittal, is the major corporate project for the current financial year, according to the company’s latest financial reports.
The company expects to sign a final agreement on the purchase of Essar…
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Anonymous
Very good overview of the weekly steel market.
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