Tata lawyers accept Traxys's offer for SA ferro-chrome plant

Trading company Traxys has made an offer to buy Tata Steel's 150,000 tpy KZN ferro-chrome plant in Richards Bay, South Africa, Metal Bulletin understands

The offer has been accepted by the business rescue practitioners of Tata Steel KZN, subject to the approval of the company itself. The latest move by Traxys, in which the Carlyle Group and affiliates of hedge fund manger Louis Bacon own a majority stake, follows...


Janie Davies

June 08, 2016

17:53 GMT