04
Jul
13:24
Trial for Celsa control begins in Spain
The Celsa ownership saga has entered its final phase. The restructuring plan for the Spanish steelmaking group’s debt of €2.8 billion ($3.05 billion) presented by some creditors was submitted to court in Barcelona on Monday, Kallanish notes. The hearings will last until next Tuesday.
During the first day of the trial, the creditors, who represent 90% of the jumbo debt and 89% of the convertible debt, contended that their restructuring plan is based on c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous