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Delay in Bhushan Steel acquisition may lead to governance issues -The 19th China (Guangzhou)Int’l Fastener & Equipment Exhibition
5/18/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Financial Express reported that Tata Steel said that any delay in the acquisition of debt-ridden Bhushan Steel may lead to governance issues since the latter has a running plant. Tata Steel executive director and chief financial officer Koushik Chatterjee told reporters “In the short term, I think the delay in the process (acquisition) is a concern. We worry about the governance issues since Bhushan Steel is a running plant.”
He said “We valued the assets on the basis of going concern and on the basis of strategic opportunity it can provide to us. The depletion in assets in any form will be a concern and we will certainly look into it whenever the process is completed.”
He said “We think the quickest way to resolve that is to close the transaction fast.”
He added “The Bhushan Steel plant has a five million tonne capacity. We can easily see it going to 4-4.5 million tonne level. Beyond the five million tonne level, there will be a need for more investment.”
緊固件展-2018第十九屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 19th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2018 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2018 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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