Some of my lending sources have got back in touch regarding the Stemcor story I wrote earlier this week.
Word is this "mystery US trade buyer" (see my previous post) has offered more for Stemcor's UK steel trading operations than what Apollo, the US vulture fund, is proposing as part of a debt-for-equity swap.
Showing posts with label Apollo. Show all posts
Showing posts with label Apollo. Show all posts
Thursday, 23 April 2015
Tuesday, 21 April 2015
A Stemcor snippet - mystery US trade buyer swoops on steel trader
I picked up an interesting nugget on the Stemcor situation scurrying around in the undergrowth this afternoon.
For readers that don't recall, Stemcor - one of Britain's largest privately-owned companies - is in a tough situation following a financial restructuring.
For readers that don't recall, Stemcor - one of Britain's largest privately-owned companies - is in a tough situation following a financial restructuring.
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