LNM plans to submit an offer for Dunaferr

LNM plans to submit an offer for Dunaferr

Dutch Group LNM announced that it is planning to submit an offer for the privatisation of Hungary's major steelmaker Dunaferr. As previously reported by SteelOrbis, Anglo-Dutch LNM Holdings, Russian mill Mechel and Germany's Thyssenkrupp AG are also indicated as possible investors. However, after careful consideration, Thyssenkrupp has decided not to submit an offer for Dunaferr's privatisation. LNM requires to increase its annual steel capacity in Central and Eastern Europe. The company already produces over 8 million tons per annum of liquid steel in the Czech Republic and Romania. Also, LNM has signed an agreement with the Polish Treasury Ministry for the privatisation of Polskie Huty Stali.