The sale of Republic completed

The sale of Republic completed

The sale of the North American steelmaker Republic Engineered Products LLC has been approved by the bankrupcty court. As previously reported by SteelOrbis, Republic Engineered Products LLC and PAV Republic Inc., formed by Perry Strategic Capital Inc. have reached a tentative agreement regarding the sale of Republic's assets. PAV Republic purchased the assets of Republic against $277.5 million. Sale is expected to complete by the end of the year.