14
Nov
20:09
Valmont plans to sell offshore wind operations
Omaha, Nebraska-based US infrastructure services provider Valmont Industries will sell its offshore wind operations to Euro Steel, a Danish supplier for several European wind markets.
Under a definitive agreement reached between the two parties, Valmont's offshore wind business, Valmont SM, will be purchased by Euro Steel for an undisclosed price, which is expected to lower shareholder's earnings by between $1.20-1.40 per share.
“A critical aspect o…
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Very good overview of the weekly steel market.
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