03
Apr
07:27
CITIC, Shagang contest over Nangang
Jiangsu Shagang Group's takeover of Nanjing Nangang Iron & Steel United Co. (Nangang United) has been interrupted by CITIC's exercise of its right of first refusal. As Kallanish reported last week, CITIC-backed Nanjing Iron & Steel Group (Nangang Group) has sent a takeover offer to current majority owner Fosun High-tech Group.
The two companies (Fosun and Nangang Group) signed an agreement on the acquisition of 60% of Nangang United's equity ov…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous