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French Rail Producer Hayange Attracts 6 Bids – Report

Steel News - Published on Tue, 30 Jun 2020

Image Source: Rail Producer Hayange
S&P Global Platts reported that according to reliable sources with knowledge of the matter, the bidders for Hayange include the world's largest steelmaker ArcelorMittal, UK-based industrial group Liberty House, French special steel producer Ascoval through its holding company Greybull Capital, German steel producer Saarstahl, India-based producer Jindal via its Italian rail unit producer JSW Piombino and Hayange's former owner, British Steel. The companies interested in Hayange presented their offers together with business plans on June 29 to the Social and Economic Committee of France Rail Industry in Hayange. Union committees will have around ten days to put their feedback in writing and then the companies will have to send their final offers by around mid-July

Chinese steelmaking group Jingye purchased British Steel's UK and Netherlands assets earlier this year after the UK-based steelmaker went into liquidation in May 2019: however Hayange was not included in this transaction.

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Posted By : Yogender Pancholi on Tue, 30 Jun 2020
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