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Bulgaria's "Podkrepa" Labor Confederation insisted Tuesday that the troubled Kremikovtzi steel plant be declared bankrupt, and that a new owner take over. "Podkrepa" has submitted a declaration to the Prime Minister Sergey Stanishev and to the Energy Minister warning that the factory would stop...
The decision regarding the steel plant "Kremikovtzi" belongs to the Court and the state cannot intervene anymore, stated Petar Dimitrov, Bulgaria's Minister of Economy and Energy, adding that an eventual protest on the part of the trade union would not help in selecting the offer for the plant's...
Author: Kausik Datta, The Economic Times ArcelorMittal, the world's largest steel maker, is understood to have emerged as the successful bidder for Bulgarian steel company Kremikovtzi. In a structured deal, ArcelorMittal is believed to have agreed to pay $1.2 billion for the Balkan country's...
LN Mittal is all set to strike another deal. This time, Mittal would be grabbing the ailing Bulgarian steel maker Kremikovtzi from his brother Pramod Mittal who heads Global Steel Holdings. ArcelorMittal, the world’s largest steel maker, who has been fighting Ukrainian business tycoon Konstantin...
21 May, 2008, 0230 hrs IST,Kausik Datta, MUMBAI: ArcelorMittal, the world’s largest steel maker, is understood to have emerged as the successful bidder for Bulgarian steel company Kremikovtzi. In a structured deal, ArcelorMittal is believed to have agreed to pay $1.2 billion for the Balkan...
21 May, 2008, 0230 hrs IST,Kausik Datta, MUMBAI: ArcelorMittal, the world’s largest steel maker, is understood to have emerged as the successful bidder for Bulgarian steel company Kremikovtzi. In a structured deal, ArcelorMittal is believed to have agreed to pay $1.2 billion for the Balkan...
Sofia - ArcelorMittal, the world's largest steelmaker, has made a 30-million-euro (47-million-euro) emergency loan to a troubled Bulgarian steel mill it is seeking to buy, the plant said Tuesday. Pramod Mittal, the younger brother of ArcelorMittal ch...
“Kremikovtzi” urgently to declare in insolvency and the enterprise to have a new owner. These are the demands of Confederation of labor “Podkrepa”. In a declaration to the Bulgarian prime minister Sergei Stanishev and the minister of economy and energy Peter Dimitrov, the syndicates warn that if...
The largest Bulgarian steel plant Kremikovtzi is to get a financial injection of EUR 30 M from ArcelorMittal, the company of the elder brother of the current owner Pramod Mittal. According to the steel mill management, the money is to be used to pay the debts of Kremikovtzi, as well as for...
SOFIA: Steel major ArcelorMittal has extended 30 million euros ($46.79 million) as emergency funding to Bulgaria's ailing steelmaker Kremikovtzi, the mill said on Tuesday. Last week Kremikovtzi said it was considering offers for financial help from ArcelorMittal and Ukrainian billionaire...
ArcelorMittal gave 30 M euro to “Kremikovtzi” in compliance with its proposed plan for urgent funding, informed from the Bulgarian enterprise. Part of the money will be used to pay the salaries of the employees and to manage all unpaid duties as well as the immediate expenses for capital...
Primary Metals, Iron, Steel & Ferroalloy, Sergey Stanishev, Lakshmi Mittal, ArcelorMittal, Bulgaria
