Cleveland-Cliffs announces $2.5 billion acquisition of Canadian steelmaker

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Cleveland-Cliffs announces $2.5 billion acquisition of Canadian steelmaker
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Cleveland Cliffs announced Monday morning that it has agreed to but Canadian steelmaker Stelco.

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Monday that it will buy Canadian steelmaker Stelco for $2.5 billion., allowing the Cleveland company to add another 1,800 employees. Stelco has facilities in Hamilton and Nanticoke, Ontario.

Cliff’s CEO Lourenco Goncalves praised Stelco in a conference call for investors Monday morning, saying he has long admired what Stelco’s CEO Alan Kestenbaum has done to transform the Canadian company into a low-cost steelmaker. USW President David McCall also praised the sale in a news release, saying Cliffs “has a proven track record of making sure the union always has a seat at the table, and this deal was no different.”

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

clevelanddotcom /  🏆 301. in İN
 

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