27
Jun
14:07
Celsa gets green light for public loan
Spanish authorities have approved a loan for Celsa worth €550 million ($582m) to be issued by Spain’s public fund, Sociedad Estatal de Participaciones Industriales (SEPI).
The approval comes after months of uncertainty during which the company and its main creditors failed to reach an agreement on the future of the company’s debt. The Spanish authorities have now approved the loan, but have reiterated their request to Celsa and its creditors …
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Very good overview of the weekly steel market.
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