Copying and distributing are prohibited without permission of the publisher

***INTERVIEW: Libyan government hopes to raise $395 million from Lisco IPO

February 23, 2010 - 16:12 GMT Location: Misurata, Libya

KEYWORDS: Libyan Iron and Steel , Lisco

The Libyan government will sell a 10% stake in the state-owned Libyan Iron and Steel Company (Lisco) in an initial public offering (IPO).

The company hopes to raise 500 million Libyan dinars ($395 million) from the sale, according to chairman Mahamud Ahmed Alftise. The IPO will be made in two months, with each share sold for 10 Libyan dinars,...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Carbon Steel Flat Products

May 23, 2012 17:43 European HDG price tracks decline in coil prices
May 23, 2012 17:17 Weak sentiment depresses domestic European coil prices
May 23, 2012 15:55 European coil import prices start to slip on low demand
May 23, 2012 14:40 European plate market under pressure from high stocks, import offers
May 23, 2012 11:10 CHINA STEEL WRAP: Rebar prices at seven-month low

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.