25
Jun
11:23
Gallardo Balboa readies for acquisition by new owner
Gallardo Balboa says it is concluding the sale of its assets to a local industrial group and refinancing its debt.
The Spanish steelmaking group specialised in the supply of light long products for the construction sector was acquired at the end of last year by investment fund Kohlberg Kravis Roberts (KKR). The move was designed to save the company from insolvency. The board of Gallardo Balboa has been working on a long-term solution for the company since November…
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Anonymous
Very good overview of the weekly steel market.
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