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AIA Engineering Ltd updates on customs duty levied by South African Government

AIA Engineering Ltd updates on customs duty levied by South African Government
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Grinding Media Market Giants Spending Is Going To Boom | Moly-Cop, Magotteaux Industries, Gerdau, Donhad

Grinding Media Market Giants Spending Is Going To Boom | Moly-Cop, Magotteaux Industries, Gerdau, Donhad ....

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JSW Steel gains as unit to acquire 31% stake in Italy's GSI Lucchini

JSW Steel rose 1.25% to Rs 356.15 after the company said its subsidiary entered into an agreement to acquire steel facilities at Piombino, Italy.
JSW Steel Italy, the company s subsidiary, entered into a share purchase agreement (SPA) dated 21 December 2020 with Industrial Development Corporation (IDC), South Africa, for acquisition of 30.73% share capital of GSI Lucchini for a cash consideration of 1 million euros. The balance 69.67% of GSI is held by JSW Steel Italy. GSI s manufacturing unit is located in Piombino, Tuscany Region in Italy.
IDC is owned by the Government of South Africa under the supervision of the Department of Trade Industry and Competition. ....

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JSW Steel Ltd to acquire steel facilities at Piombino

JSW Steel Ltd to acquire steel facilities at Piombino
Posted On:
2020-12-21 09:22:21
(Time Zone: Arizona, USA)
JSW Steel Ltd s subsidiary, JSW Steel Italy S.r.l., has entered into a Share Purchase Agreement( SPA ) dated 21st December 2020 with Industrial Development Corporation( IDC ), South Africa. IDC is owned by the Government of South Africa under the supervision of the Department of Trade Industry and Competition. SPA is for acquisition of 30.73% share capital of GSI Lucchini S.p.A ( GSI ) for a cash consideration of Euro 1 Million ( Transaction ). The Transaction is subject to fulfilment of conditions precedent and other terms mentioned in the SPA. ....

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