Hernic suitors will submit indicative bids by December 13

Indicative bids for South African ferro-chrome producer Hernic are due to be submitted by December 13, after the asset attracted significant interest since being put up for sale, Metal Bulletin understands.

As many as 80 parties were initially interested in the asset but candidates have been narrowed down to less than ten, market sources told Metal Bulletin.

Final bids and the definitive agreement stage of the process are expected in February, according to a document published in November by corporate advisory firm Questco, on behalf...

Published

Janie Davies

December 07, 2017

09:15 GMT

London