Nova Scotia to sell Sydney Steel to consortium

Article Abstract:

Sydney, NS-based Sydney Steel Corp. will be sold to a consortium that includes S and K Steel, Titanium Corporation of Canada and other six companies. The Canadian government has tried to sell financially troubled Sydney Steel, which employs about 650 workers, several times before this final deal.

S and K Steel, Titanium Corporation of Canada

---

Nova Scotia secures deal to offload crippled steel mill

Article Abstract:

Lugano, Switzerland-based Duferco Group will acquire Sydney, NS-based Sydney Steel Corp. from the government of Nova Scotia for $7.6 million. Duferco, which already has invested $3 billion in Sydney Steel, will privatize the steel mill.

Government domestic functions, Switzerland, Nova Scotia

---

Nova Scotia sounds death knell for Sydney Steel

Article Abstract:

Lucerne, Switzerland-based Duferco Group has pulled out of a deal to acquire Sydney, Nova Scotia-based Sydney Steel Corp. Sydney Steel will be shut down after 34 years of operations.

Similar abstracts:

• Abstracts: Oil, gas firms to get huge tax hit. Native leaders debate pipeline stake. Mexico courts energy bosses
• Abstracts: Agnico expects to end mill expansion in fall. No quick fix seen for tarnished gold
• Abstracts: CGI talks to acquire several U.S. companies. Global conductor sales fall in May
• Abstracts: Cowpland says Corel losses short-lived. Software firm lands financing
• Abstracts: Papers get second chance to do a deal. Hollinger beats earnings estimates

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.