Iron and Steel continues liquidation process negating receiving any sell offers

Iron and Steel continues liquidation process negating receiving any sell offers

A worker stacks steel pipes in Ahmedabad November 4, 2014. REUTERS/Amit Dave/File Photo







CAIRO – 28 March 2021: The Egyptian Iron and Steel (IRON) announced that the company's liquidation process is continuing, and the committee overseeing the liquidation business did not receive any offers to sell the company.

 

The company declared in a statement to the Egyptian Stock Exchange (EGX), Sunday, that what the Ukrainian company Fash Mash presented is nothing more than a review of the company's various divisions, nor is it a proposal to develop the company or a detailed plan to purchase it.

 

It stated that the decisions of the Ordinary and Extraordinary General Assembly of the Egyptian Iron and Steel Company are being implemented under liquidation held on January 11, 2021.

 

The Ordinary General Assembly of the Egyptian Iron and Steel Company agreed to dissolve and liquidate the company upon completion of the division process, and