Home AboutUs Exhibition
Info
News
Center
Exhibitor
Manual
Cost of
Participation
Floor
Plan

Media
Support
Contact Chinese
 News Type
Exhibition News
Industry News
Company News
Media reports
 New Detail
     
5Steel Makers May Bid for Ascoval Hayange Assets of Liberty Steel钣金展-激光展-2021年第二十二届广州国际激光设备及钣金工业展 -2021 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
6/3/2021  钣金展-激光展- Laser expo, Sheet Metal Industry expo
---------------------------------------------------------------------------------------------------------------
    

S&P Global, citing sources close to the matter, reported that Acciaierie Venete, ArcelorMittal, Beltrame, JSW and Saarstahl and two private equity firms are interested in acquiring Liberty Steel French units Ascoval and Hayange. ArcelorMittal, JSW and Saarstahl have bid for Hayange in the past, but Liberty won the company as it put in an offer for both Hayange and Ascoval.

Liberty Steel France, which incorporates Liberty Ascoval and Liberty Rail Hayange, has faced a significant reduction in working capital support since the collapse of Greensill Capital. The French government in March loaned Eur20 million to the two plants to cover working capital and capital expenditure costs, according to sources. The French government obligated Liberty to refinance operations by the end of May with an additional Eur20 million, or put the two companies up for sale if it could not get the refinance. Liberty put specialty steelmaker Ascoval and rail producer Hayange on the market together in May

Hayange, near the German border, is considered a strategic national asset because it produces tracks for French railways and Parisian metros. Hayange produces between 250,000-300,000 tonnes of rails a year, most of them for France''s state-owned railway company, SNCF. Ascoval operates an electric arc furnace for waste recycling.





















































-Sheet metal exhibition, Sheet metal expo, 2021 Sheet metal exhibition, 2021 Sheet metal expo, China Sheet metal exhibition, China Sheet metal expo, Laser Equipment exhibition, Laser Equipment expo, 2021 Laser Equipment exhibition, 2021 Laser Equipment  expo, Laser exhibition, Laser expo

Copyright © 1996-2023  JULANG.COM.CN Stone Rich Sight. All Rights Reserved
Add:Room 3A05-3A06,Building A1,Xinghui Park,Huaming Road 29,Pearl River New City,Guangzhou,510623,China TEL:0086-20-38620782