On September 13 – the largest output in China’s iron and steel enterprises to hebei iron and steel group holdings, the world’s largest steel trade ShangRuiShi venerable holding companies, international trade transaction value of about $400 million, is expected to be signed before the end of the formal agreement.
Hebei iron and steel group general manager Peng Zhaofeng today in 2014 high-end BBS for China’s iron and steel technology and economy, hebei iron and steel group will acquire Swiss venerable, ultimate controlling around 51% to 52%, the investment of the government departments to consent is expected to sign a formal agreement before the end of the year earlier in March 2013, hebei iron and steel was through its tanggang pay $78 million in Switzerland highly respected international trade holding company, has a 10% share, become the second largest shareholder at the company. According to the Peng Zhaofeng for today
Latest acquisition, hebei iron and steel will cost about $400 million, so as to complete holding highly respected company.
“The country has sales network in South Africa,” said Peng Zhaofeng, hebei iron and steel group has decided to build 5 million tons of steel projects in South Africa, which is also want to take advantage of highly respected company sales network. On 10 September afternoon, hebei iron and steel group company and industrial development in South Africa, china-africa development fund in Beijing signed the hebei iron and steel group steel projects in South Africa cooperation memorandum of understanding, it marks the hebei iron and steel group, 5 million tons of iron and steel projects launched in South Africa.
According to public information, the venerable company was founded in 1979, is the world’s largest independent steel trader, in the world steel and iron and steel raw materials, auxiliary trade occupy the important position. In recent years, hebei iron and steel and highly respected always maintain cooperation relationship.