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Algoma Steel completes purchase of Essar Steel Algoma assets
Algoma Steel Inc. announced it has completed the purchase of substantially all assets of Essar Steel Algoma Inc., emerging from CCAA protection. The company also plans a CDN $300 million investment to expand capacity and grade capability at its Sault Ste. Marie steelworks.
Value
$228.0M (300.0M CAD)
Productshot and cold rolled steel sheet and plate
“Algoma Steel Inc. announced today it has successfully completed the purchase of substantially all of the assets of Essar Steel Algoma Inc.”algoma.com
- 4 sources
- algoma.comAlgoma Steel Inc. Emerges - Algoma SteelChelsea GaudetteNov 30, 2018
- newswire.caAlgoma Steel Inc. EmergesAlgoma Steel Inc.Nov 30, 2018
- algoma.comAllow us to reintroduce ourselves. We are Algoma Steel Inc. - Algoma SteelChelsea GaudetteNov 30, 2018
- lexpert.caEssar Steel Algoma Inc. concludes restructuring under the CCAA and sale of substantially all of its assets to Algoma Steel Inc. | LexpertMar 25, 2019
Summarized from public sources; check the original articles before acting on it.
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