EVRAZ HIGHVELD: BRPs put forward alternatives to liquidation

The business rescue practitioners (BRPs) of troubled South African company Evraz Highveld Steel and Vanadium have put out three contingency proposals in the event the rescue plan does not go ahead: liquidation, the sale of all process, plant and equipment, or the continuation of small-scale operations.

Highveld, which went into business rescue proceedings in April, is set to be taken over by Hong Kong-based “major metals company” International Resources Ltd (IRL).

But the BRPs have...

Published

Claire Hack

October 14, 2015

23:50 GMT

New York