Liberty House submits bid for Ascometal ahead of deadline

International metals group Liberty House is to make an “unconditional and comprehensive offer” for French speciality steelmaker Asco Industries (Ascometal) ahead of the cutoff time on Friday January 19 that was set by a court in eastern France, it said on deadline day.

Liberty House declined to disclose the value of its bid, but noted its intention to invest “€300 [$366.62 million] over five years to stabilize and grow the business, including capital investment of €100 million to upgrade the sites and expand output.”



Viral Shah

January 19, 2018

16:07 GMT