Trasteel seeking to acquire Liberty’s Magona facility Liberty Steel’s Magona facility in Italy is expected to be acquired by Swiss-based Trasteel, according to sources close to the matter. Trasteel chief executive Gianfranco Imperato says that a sale agreement is likely to be signed shortly, with completion expected within 90 days of signing, according to Italian daily Il Secolo XIX. Trasteel currently employs around … The post Trasteel seeking to acquire Liberty’s Magona facility first appeared on EUROMETAL.

#LatestUpdates #GianfrancoImperato #LibertySteel #Magona Trasteel seeking to acquire Liberty’s Magona facility

#LibertySteel #Gupta

Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’ Liberty Steel’s chief transformation officer has described Speciality Steel UK (SSUK) being pushed into compulsory liquidation by the high court in London as “irrational”, Kallanish learns. Jeffrey Kabel says in a statement that the decision “especially when we have support from the world’s largest asset manager to resume operations and facilitate creditor recovery is irrational.” The company … The post Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’ first appeared on EUROMETAL.

#LatestUpdates #GarethStace #JeffreyKabel #LibertySteel Liberty Steel official calls SSUK’s compulsory liquidation ‘irrational’

The UK government is preparing to take over its third-largest steel plant According to a court announcement, new administrators have been appointed to take control of Speciality Steels UK (SSUK), a Liberty Steel-owned facility in South Yorkshire. The company, which produces steel using scrap metal, has faced ongoing uncertainty due to its mounting unpaid debts, putting it at risk of liquidation. This development comes after the government … The post The UK government is preparing to take over its third-largest steel plant first appeared on EUROMETAL.

#LatestUpdates #BritishSteel #GFGAlliance #LibertySteel The UK government is preparing to take over its third-largest steel plant

"STATE TO TAKE OVER LINCHPIN OF GUPTA'S UK STEEL BUSINESS"
@bondhack.ft.com / #LaithAlKhalaf for @financialtimes.com
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British Government is set to take over a major part of #SanjeevGupta's #LibertySteel.

FULL STORY: t.ly/IBuYE

#FinancialTimes
#TomorrowsPapersToday
#IBPAPERS

BlackRock Supports Gupta’s Effort to Keep Control of Struggling UK Steel Business BlackRock, the world’s largest asset manager, is backing Sanjeev Gupta’s bid to retain control of his faltering UK steel empire. The financial giant has issued a financing support letter…

BlackRock Supports Gupta's Effort to Keep Control of Struggling UK Steel Business killbait.com/en/blackrock... #business #blackrock #steel #libertysteel

Luxembourg government eyes Liberty Dudelange acquisition, site repurposing The Luxembourg government has submitted an acquisition offer to the court-appointed liquidator for bankrupt galvanizer and service centre Liberty Steel Dudelange. It aims to repurpose the site for another use and not resume steel operations. According to Luxembourg’s Ministry of Economy, following nearly three years of production stoppage, the site presents a strategic opportunity for … The post Luxembourg government eyes Liberty Dudelange acquisition, site repurposing first appeared on EUROMETAL.

#LatestUpdates #Dudelange #LibertySteel #Luxembourg Luxembourg government eyes Liberty Dudelange acquisition, site repurposing

Luxembourg government moves to acquire insolvent ex-Liberty Dudelange plant The government of Luxembourg has submitted am offer to acquire insolvent steelmaking asset Liberty Steel Dudelange, Fastmarkets heard on Tuesday July 22. “In the context of the bankruptcy of Liberty Steel Dudelange, the Government Council has decided to submit an offer to the trustee to acquire the site,” the Ministry of Economy said in a … The post Luxembourg government moves to acquire insolvent ex-Liberty Dudelange plant first appeared on EUROMETAL.

#LatestUpdates #ArcelorMittal #Dudelange #LibertySteel Luxembourg government moves to acquire insolvent ex-Liberty Dudelange plant

Gouvernement britannique envisage de sauver l’aciérie Speciality Steel UK Principaux renseingnements Le gouvernement britannique envisage de prendre des mesures pour sauver Speciality Steel UK (SSUK), une grande aciérie qui emploie 1 450 personnes dans le sud du Yorkshire. L’éventuelle aide gouvernementale intervient au moment où la société mère de SSUK, Liberty Steel Group, détenue par Sanjeev Gupta, se présente la semaine prochaine à une […]

Gouvernement britannique envisage de sauver l’aciérie Speciality Steel UK #Gouvernement #Acier #SpecialitySteel #LibertySteel #Insolvabilité

L’avenir de Liberty Steel à Dudelange est de plus en plus compromis, résultat d’années d’errements au cours desquelles les gouvernements ont esquivé leur responsabilité en plaçant toute leur confiance dans le marché.

#industrie #dudelange #libertysteel #droitsdutravail

FRC inflige une amende de 3,47 millions d’euros à PwC pour défaut d’audit à la Wyelands Bank Principaux renseignements Le Financial Reporting Council (FRC), l’organisme britannique de réglementation comptable, a infligé une amende de 3,47 millions d’euros à PwC pour des manquements dans son audit de la Wyelands Bank, propriété de Sanjeev Gupta de Liberty Steel. Le FRC a également réprimandé l’un des anciens auditeurs principaux de PwC, Jonathan Hinchliffe, qui s’est […]

FRC inflige une amende de 3,47 millions d’euros à PwC pour défaut d’audit à la Wyelands Bank #FRC #PwC #Audit #WyelandsBank #LibertySteel

Tosyali emerges for Liberty Steel Dudelange facility The bankrupt Liberty Steel Dudelange facility’s receiver has communicated to trade unions that a decision has been reached on the buyer for the plant, informed sources tell Kallanish. The prospective buyer is a Turkish steelmaking group that shares the…

#LatestUpdates #Dudelange #LibertySteel #Luxembourg Tosyali emerges for Liberty Steel Dudelange facility

Authorities speed up Dudelange sale Multiple companies have expressed interest in Liberty Steel’s Dudelange facility, according to informed sources speaking to Kallanish. The primary goal of the government and the receiver is to find a potential buyer. A source suggests the Luxembourg…

#LatestUpdates #Dudelange #LibertySteel #Luxembourg Authorities speed up Dudelange sale