Next Evraz Highveld steps to be outlined on Feb 23 after sale plan fails

February 5, 2016

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The practitioners overseeing business rescue proceedings at Evraz Highveld Steel and Vanadium reported on Friday that the proposed transaction to sell the business as a going concern to International Resources Limited, of China, had failed. In an operational and transaction update, Piers Marsden and Daniel Terblanche reported that, as of January 31, 2016, all of the conditions precedent had not been fulfilled or waived. “Consequently the proposed transaction has failed.”

Category: General