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                    [ArticleID] => 226756
                    [Title] => Nat’l Steel creditors start talks with Ispat Global
                    [Summary] => Creditor banks of National Steel Corp. (NSC) have began negotiations with Ispat Global for the possible lease with option to purchase the mothballed steel firm in Iligan City, Davao.


This was announced yesterday by Trade and Industry Secretary Manuel Roxas II who said that there were three to four proposals to lease NSC, but only two "matured into documented serious bids."


However, Roxas said, the creditor committee is currently negotiating with Ispat Global.


He did not identify the other "serious" bidder.


                    [DatePublished] => 2003-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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ISPAT GLOBAL

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                    [ArticleID] => 226756
                    [Title] => Nat’l Steel creditors start talks with Ispat Global
                    [Summary] => Creditor banks of National Steel Corp. (NSC) have began negotiations with Ispat Global for the possible lease with option to purchase the mothballed steel firm in Iligan City, Davao.


This was announced yesterday by Trade and Industry Secretary Manuel Roxas II who said that there were three to four proposals to lease NSC, but only two "matured into documented serious bids."


However, Roxas said, the creditor committee is currently negotiating with Ispat Global.


He did not identify the other "serious" bidder.


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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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abtest

Nat’l Steel creditors start talks with Ispat Global

By Marianne V. Go | November 5, 2003 - 12:00am

Creditor banks of National Steel Corp. (NSC) have began negotiations with Ispat Global for the possible lease with option to purchase the mothballed steel firm in Iligan City, Davao. This was announced yesterday...

Business