18
Jun
22:36
Essar Algoma moves ahead with sale to KPS
Ahead of its original estimated schedule for the move, Canada’s Essar Steel Algoma announces that it has entered into an asset purchase agreement (APA) for the sale of substantially all of its assets. The buyer is a consortium of bidders formed by KPS Capital Partners, LP (KPS) and the Essar Algoma’s prepetition term lenders, the company confirms.
The steelmaker served a motion on 17 June with the Ontario Superior Court of Justice seeking approval of…
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Anonymous
Very good overview of the weekly steel market.
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