Baosteel or buy a European steel enterprises large funds for whom
Date:2013/7/11 Source:TehornWith the domestic steel enterprises to accelerate the consortia Wang at the same time, Baosteel is accelerated pace of overseas investment and cooperation.
In February 24th, the reporter learned from reliable sources channels, China's steel giant Baosteel Group has two well-known European stainless steel manufacturers -- Spain, Finland Asailinuokesi company Outokumpu group, conducted a preliminary survey, and with either a cooperative or acquisition, prepared 5000000000to 10000000000 euro budget.
In recent years focus on technology research and development of Baosteel stainless steel, at present only two companies can provide the technology represents a larger interest, with the intention of technical level, rather than business cooperation.
According to understanding, the two stainless steel production tycoon and Chinese market has the origin, Asailinuokesi said that does not rule out the possibility of building factories in China, Outokumpu is recently said he would3, April in China to set up a new service center.
Independent acquisition information provider mergermarket pointed out, Asailinuokesi shareholders Alba and NisshinSteel might be willing to reduce stake.
Among them, FurtherCorporacionFinancieraAlba ( its stake in Acerinox23.76% ) and AliciaKoplowitz ( its stake in Acerinox13.27% ) two enterprises as its strategic and financial investment, have made clear that they will support the company in the international market to expand influence. But mergermarket speculation, they will only consider accepting about 20% premium offer.
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