19
Oct
17:14
Nangang confirms ongoing equity transfer to Shagang
China’s Jiangsu-based Nanjing Iron & Steel (Nangang) on 20 October confirmed that it has signed an investment framework agreement with Shagang Group for the transfer of the former’s 60% equity on 14 October, Kallanish notes.
However, the company stated that the transaction is still in the stage of intention, and the specific transaction method is under negotiation.
Once the deal is settled according to the agreement, Shanghai investment giant Fosu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous