06
Jul
12:40
Gallardo Balboa unions support Cristian Lay acquisition bid
Unions at Spanish steelmaker Gallardo Balboa have expressed their support for the bid made by industrial group Cristian Lay (CL) to acquire the company.
CL officially confirmed its bid last week, while Gallardo Balboa earlier stated it was in advanced negotiations to find a new investor to take over the company, currently controlled by investment fund Kohlberg Kravis Roberts (KKR).
Press reports named Megasa as another possible bidder for the Gallardo Balboa asse…
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Anonymous
Very good overview of the weekly steel market.
Anonymous