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The deal is expected to close in the second half of the year

The deal provides Champion with a number of strategic advantages, including expansion of its product portfolio

No decision has yet been made regarding the future of the steel company

Bedrock Industries and a consortium led by Flacks Group have expressed interest in the asset

Such a sale is considered the fastest way to liquidate a company and settle its obligations

ArcelorMittal Zenica and Prijedor were acquired by H&P, a member of the Pavgord Group

The German conglomerate will, among other things, carefully evaluate the offer, which includes commitments to a green steel facility

Newly formed Orion Steel to become a key steel producer in the US and Canada with an output of up to 3.5 million tonnes

The consortium consists of SPV NH Ostrava and SPV NH Koksovna

This move could help reduce the group's debt

2024-2025 will be marked by a large number of M&A deals in the iron and steel industry, transforming the landscape of the global steel industry

At the first stage, the company expects to sell about 70 thousand tons of scrap