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02 Jul
11:40

Spanish holding submits Gallardo Balboa acquisition proposal

Spanish holding Grupo Industrial Cristian Lay (CL) has proposed an offer for the 100% acquisition of steelmaker Gallardo Balboa, the potential investor tells Kallanish.  The supplier of light long products for the construction sector was acquired at the end of last year by investment fund Kohlberg Kravis Roberts (KKR). The move was designed to save the company from insolvency. The board of Gallardo Balboa has been working on a long-term solution for the compa…
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