Nine bidders express interest in Vitkovice Steel
According to recent news in the market, nine bidders have expressed their interest in 99% state-owned steel producer Vitkovice Steel (VS).
The bidders which expressed their interest in the Czech steel producer were Russian Evraz Holding, Russian steel producer
Severstal, Ukrainian Industrial Union of Donbass (UID), Czech steel producer Trinecke Zelezarny (TZ), the Czech-Slovak investment company Penta,
Iran's Safa Industrial Holdings,
Luxembourg-based steel producer Arcelor and Global Infrastructure Holdings Ltd (GIHL), subsidiary of Ispat
India.
Previously
US steel producer
Nucor Corporation had expressed its interest in the VS.
The deadline for the bids has been set as January 31, 2005. The state expects to generate CZK 4.5 billion ($192.8 million) from the sale.