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Reports: JSW Steel Acquiring Italian, Indian Mills
02/23/2018 - JSW Steel has reached a deal to acquire Italian long products maker Aferpi from Algeria’s Cevital Group, according to Kallanish Commodities.
According to Kallanish, the deal for the business is set to close 31 March. Cevital acquired the business from an investment firm in 2014.
Kallanish has more here.
Separately, the (India) Economic Times reported that JSW has acquired Monnet Ispat, an Indian producer of steel, sponge iron and ferroalloys. Monet Ispat is one of a dozen debt-laden companies forced into insolvency proceedings by India’s central bank.
The Economic Times has that story here.
