06
Oct
02:45
Global Ferronickel acquires stake in China’s GCTN
Philippine-listed mining firm Global Ferronickel Holdings, Inc. (FNI) has inked a deal to acquire a 20% stake in Guangdong Century Tsingshan Nickel Industry (GCTN), Kallanish notes.
The deal was done through the purchase of shares in GHGC Holdings, Ltd. (GHL), which owns 90% of the GCTN stock portfolio.
Global Ferronickel has signed a deal to acquire 22.22% interest in GHL for $75 million.
GCTN is a nickel alloy enterprise in China operating one of the world&rs…
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Anonymous
Very good overview of the weekly steel market.
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