11
Jun
11:22
Zisco shareholders to vote on Chinese takeover
The Zimbabwe Iron and Steel Company (Zisco) could come under the control of Chinese property group R&F Properties if shareholders agree the takeover at an extraordinary general meeting on 28 June, according to Zimbabwe media. The deal has been supported by the Zimbabwean government, which has agreed to reconcile Zisco’s debts, Kallanish notes.
R&F subsidiary Tian Li (Hong Kong) has reportedly agreed to invest $2 billion in the steelworks,…
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