Oyak signs exclusivity agreement to buy British Steel
 EUROMETALLatest Updates

Oyak signs exclusivity agreement to buy British Steel

Published: 19 Aug 2019

Oyak Group has signed an exclusivity agreement to buy British Steel, a spokesperson for the Turkish military pension fund tells Kallanish. Its subsidiary Ataer Holding has received exclusivity to conduct a detailed financial, legal and operational review for a period of two months, scheduled for completion at end-October. The acquisition is expected to be finalised by year-end.

Posted in Latest Updates   Read more...

 

Inward investment to save UK steel sector again

Published: 19 Aug 2019

Once again, as it has been over the last 20 or so years, the UK steel sector is being rescued from purdah by inward investment. The Turkish military pension fund through its subsidiary Ataer Holdings (see related article) has entered exclusive sales talks with the UK Official Receiver to acquire British Steel, the Receiver confirms to Kallanish.

Posted in Latest Updates   Read more...

 

Oyak signs exclusivity agreement to buy British Steel

Written by EUROMETAL
Published: 17 Aug 2019

Oyak Group has signed an exclusivity agreement to buy British Steel, a spokesperson for the Turkish military pension fund tells Kallanish. Its subsidiary Ataer Holding has received exclusivity to conduct a detailed financial, legal and operational review for a period of two months, scheduled for completion at end-September. The acquisition is expected to be finalised by

Posted in Latest Updates   Read more...

 

European Commission looks to adjust steel safeguard measures

Published: 16 Aug 2019

The European Commission (EC) has proposed an adjustment to the existing EU safeguard measures for steel, definitively imposed in February, Kallanish notes. In a statement the EC says that it informed the World Trade Organization (WTO) on 14 August that the adjustments would make the measures “… more effective in compliance with WTO rules.” This could be

Posted in Latest Updates   Read more...

 

ArcelorMittal performance confirms prolonged steel industry difficulties: Moody’s

Published: 16 Aug 2019

ArcelorMittal’s second-quarter results confirm that the currently-challenging environment in the global steel industry will persist for longer than anticipated, and the European steel outlook has worsened. This is according to Moody’s. In response to the more challenging market environment, including depressed steel prices and costlier feedstock, ArcelorMittal had to adjust its assumptions for future cash

Posted in Latest Updates   Read more...

 

Page 1 of 181

NEWS