Displaying items by author:

South Africa: Evraz Highveld Steel & Vanadium Ltd. has set a 21 August 2015 deadline for the receipt of final binding offers for the company.

Potential buyers who have met the US$10m cash requirement have proceeded to the due-diligence phase, granting them access to a 'virtual data room,' as well as scheduled site visits and discussions with the management team and 'other relevant stakeholders.' The virtual data room will also close on 21 August 2015, after which binding offers will be evaluated from 24 August 2015 to 27 August 2015. The successful bidder will be announced 28 August 2015.

Evraz Highveld Steel & Vanadium Ltd., which entered business rescue proceedings in April 2015, will publish its business rescue plan 31 August 2015 and hold a 7 September 2015 meeting to discuss details. The company's Mapochs Mine, also in business rescue proceedings, is set to publish its plan on 30 September 2015.