Date: 7 months ago   Category: Industry

VTB and Rostec have lost the tender for purchase of the Indian company Esser Steel — Rambler News Service


The steelmaking company ArcelorMittal has won the tender for purchase of the Indian Essar Steel, the company reports. Earlier it was reported that the alliance of Rostec and VTB state corporation also participated in a competition. In the message of the company it is noted that the committee of creditors of the Indian company recognized the plan of restructuring of debts which has offered ArcelorMittal, the most perspective: according to him about $5,7 billion will be paid to creditors, and Essar Steel will receive investments of about $1,1 billion. In October, 2016 it was reported that VTB will take part in restructuring of a debt load of Essar Global Fund Limited.

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