Usinor : 50 milliards de F pour Cockerill ?

Article Abstract:

According to the CSC M tal union , the Belgian steel group's value as estimated by its French colleague Usinor, is actually inferior. The Walloon region, which controls 78.77% of Cockerill, lost over BFr 10bn as the stock slipped to BFr 165 from BFr 220 in a very limited time, the union details. According to AFP , a Belgian union says that Usinor has estimated at around BFr 50bn the value of Cockerill. On 21 September 1998, Usinor issued a definitive take-over bid on the Belgian company.

Comment:

CSC Metal union at Cockerill Sambre says value of former as estimated by this co is actually inferior

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Thyssen Krupp envisage de reprendre Cockerill Sambre

Article Abstract:

Up to now, Cockerill Sambre has not found the ideal partner which would help it make full use of its output capacity and maintain its two operations in the Li ge and Charleroi regions. There have been rumours about contacts with European colleagues, but nothing serious happened. However, it seems that the German group Thyssen Krupp is considering the acquisition of the Belgian steel producer, whose output reached 6.8mn tons of steel in 1997. Today, the Walloon region is the majority shareholder of Cockerill Sambre.

Comment:

Is considering of acquiring Cockerill Sambre, a Belgian steel producer w/ output reaching 6.8 mil tons of steel in 1997

Thyssen-Krupp

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Cockerill : d cision report e/

Article Abstract:

Thyssen-Krupp and Usinor, the two potential bidders for Cockerill Sambre, are said to have asked for extra time to submit their proposals to become majority shareholders of the Belgian iron and steel production group. On this basis, the Walloon government announced that the definitive decision would be postponed to the end of September 1998, when it should have normally taken place on 3 September.

Comment:

Asks for extra time to submit proposals to become majority shareholders of iron & steel production group Cockerill Sambre

Thyssen-Krupp AG

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