| The St. Petersburg Times - Business - MMK Ahead in Race for Pakistan Steel (492 words) |
 | MMK formed a consortium with Saudi Arabia’s Al-Tuwairqi Group and Pakistan’s Arif Habib Securities to bid on equal terms $361 million for 75 percent in Pakistan Steel Mills, the only integrated steelmaker in the South Asian country. |
| MMK’s consortium outbid by $8 million an alliance of Ukraine’s Industrial Union of Donbass and its three Middle Eastern partners and is widely expected to win the auction. |
| MMK’s deal would mark its first acquisition of a foreign asset, as the company seeks greater international presence not only through increased sales and acquisitions but also through recent moves to nominate high-profile foreign executives to its board. |
Feeds |
Contact