German steelmaker Saarstahl has come one step closer to acquiring Liberty Steel's assets in France, with the parties having signed an "agreement in principle" on Thursday July 1, Fastmarkets has learnt.
"The signing of an agreement in principle between the Liberty Group and German steelmaker Saarstahl opens the way to a transaction in the summer of 2021," Bruno Le Maire, the French economy and finance minister said in a statement."This agreement in principle has yet to be strengthened, which is why the [French] government will be very careful to ensure that the elements [necessary to] secure this sale...