Liberty Steel Group, part of the GFG Alliance, is to buy French steel rail business Hayange and the Ascoval steelworks.
Liberty Steel Group has committed to providing an initial ?,?65 million ($76.83 million) in new financing for Hayange and Ascoval to enact its industrial plan. Further details of development plans for the sites will be announced in due course, Liberty Steel said on Friday August 14."Following the decision in July by the Tribunal de Grande Instance de Strasbourg to award Hayange to [Liberty Steel Group], the French government has...