21
Jun
19:47
Algoma sale disappoints Essar Global
Essar Global says it is unfortunate that its former Sault Ste. Marie, Ontario, subsidiary Essar Steel Algoma chose to accept the bid of private equity firm KPS Capital Partners as part of its bankruptcy restructuring, Kallanish reports.
"Essar Global is disappointed to learn that Algoma has entered into an asset purchase agreement with a consortium of financial bidders led by a private equity fund,” the company says in a statement. “This step of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous