05
May
01:00
Ezz Dekheila denies Abu Dhabi Islamic Bank $131m loan talks
Ezz Dekheila Steel (EZDK) does not intend to obtain a EGP 1 billion ($131.1m) loan from Abu Dhabi Islamic Bank, the firm says in a stock exchange filing monitored by Kallanish. Earlier media reports had suggested Ezz Steel’s flagship was in talks with the bank.
Last month Ezz Steel said it was increasing its stake in another subsidiary, Ezz Flat Steel (EFS), to 73% from 64% by converting $255 million of loans into equity (see Kallanish 22 April). Ezz w…
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Anonymous
Very good overview of the weekly steel market.
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