TFS revise offers for HSC’s privatisation
According to latest industry reports, Towarzystowa Finansowe Silesia (TFS) which is responsible of Huta Staly Czestochowa's (HSC) privatisation, is planning to revise the four offers for the
plate mill this week.
LNM Holdings has submitted an offer to acquire HSC, following the draft agreement for PHS' privatisation. Also, Ukrainian holding company Donbas, US private investment firm Steel Capital Corp and
UK based Global Infrastructure Holding, a subsidiary of
India's Ispat Industries have made offers at the end of last month.
TFS stated that the four bidders invited into negotiations during August. In addition, the companies had the opportunity to amend their initial offers for a 100% stake in HSC.
The bidders are expected to be invited further negotiations by mid-September.