trending Market Intelligence /marketintelligence/en/news-insights/trending/aurEgbMi6vMuOC3glPvT4w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Four companies vying to buy French steelmaker Ascometal, union officials say

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Four companies vying to buy French steelmaker Ascometal, union officials say

French steelmaker Ascometal SA has drawn interest from four potential buyers after the company filed for court protection in November, Reuters reported Dec. 19, citing union officials.

According to the sources, Liberty House, Spain's Sidenor and Swiss steel company Schmolz + Bickenbach submitted their offers by the Dec. 18 deadline set by a French court, while an undisclosed party submitted a letter of intention.

Liberty House and Schmolz + Bickenbach have confirmed their interest in acquiring Ascometal assets, with Liberty House telling Reuters that it submitted a formal bid for Ascometal's Asco Industries businesses. Meanwhile, Schmolz + Bickenbach said it bid for a "substantial part" of the French company's assets worth €135 million, including €64 million to be invested in production facilities over four years.

Sidenor was not immediately available to comment on the matter, and a report from French daily Le Monde said the fourth bidder is Italian steel company Beltrame, which declined to give a statement on the bidding.

One of the sources further noted that one of the bidders lodged an offer for Ascometal's entire business and gained the support of the French company.