5 result(s) displayed (1 - 5 of 5):
Baosteel Group Corp. will take a 56.15% stake in smaller rival Ningbo Iron & Steel Co. for 2.02 billion yuan ($295 million), with Hangzhou Iron & Steel owning the rest. China, the world's biggest steel producing and consuming country, has pushed for consolidation in the industry as most companies have...
Posted on March 2, 2009 12:54 PM
Should mining giant Rio Tinto plc have taken on a massive debt load to acquire Canadian aluminum producer Alcan for $38.1 billion in 2007? Should it have accepted a subsequent takeover bid from BHP Billiton Ltd. -- worth $147 billion at one point but only $66 billion in November when...
Posted on January 14, 2009 3:16 PM
Up and down the steel value chain, the deals continue. Today's example: Cleveland-Cliffs Inc., the largest producer of iron-ore pellets in North America, will acquire coal miner Alpha Natural Resources Inc. for $10 billion in stock and cash. The strategic rationale is that the enhanced size and scale of the firm will help meet the growing needs of world steel producers....
Posted on July 16, 2008 10:31 AM
You knew about the massive overhaul of China's telecom sector. But the Chinese government has also been training its steely gaze on the steel industry. On Monday China, the world's No. 1 steel producer, combined two of its steel companies to form the fifth-biggest steelmaker in the world. State-owned Hebei...
Posted on June 30, 2008 3:25 PM
Iron ore prices are way up (65% this year), and while stories of stolen manhole covers abound, China -- the world's top steel producer -- is looking to beef up its iron ore deposits through acquisitions. Jiangsu Shagang Group Co., China's biggest privately owned steelmaker, is seeking to buy a...
Posted on June 20, 2008 12:59 PM
Movable Type search results powered by Fast Search
Juergen Lasowski
And the winners are...
