SSAB finds the acquisition “strategically appropriate,” an anonymous banker told Business Today. After due diligence, the factory in IJmuiden is valued at an amount between 7 and 8 billion dollars, he knows.
In mid-November it was announced that the Indian Tata Steel is negotiating with SSAB about the sale of the Dutch part to the Swedes. The UK branch of the steel company, which has been loss-making for years, is not part of the transaction. About 9,000 people work at Tata Steel IJmuiden. The company twice appealed to corona support from the government.
These were the details of the news ‘Swedish SSAB offers $ 7 billion for Tata Steel IJmuiden’ |... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
