S+B raises offer to acquire French steelmaker Ascometal

Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has increased the value of its bid to acquire a substantial part of French speciality steelmaker Asco Industries (Ascometal), it said late on Thursday January 18.

S+B’s has bid a total of €195 million ($238.61 million) for Ascometal, including an €82 million investment in the production facilities over the next four years, it said....

Published

Viral Shah

January 18, 2018

18:15 GMT

London