ArabFinance: Egyptian Iron and Steel Company (IRON) (EISC) received a financial and technical offer from a Ukrainian company to develop and rehabilitate the company, according to a statement filed to the Egyptian Exchange.
The Ukrainian company will develop Egyptian Iron and Steel’s plants under the revenue-sharing system.
It’s worth mentioning that Metallurgical Industries Holding is studying the offer.
Iron and Steel reported a net loss of EGP 724.140 million in quarter one of 2021.
ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
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