Steel Mills
February 2, 2017
Essar Steel Algoma Creditors Fire Retort at Essar Global
Written by Sandy Williams
A war of words is underway between Essar Steel Algoma secured creditors and former parent company Essar Global Fund.
In a letter to the CCAA monitor Essar Global asserted that with the restructuring efforts still not resolved, the Sale and Investment Solicatation Process should be reopened to allow Essar to present its interest in acquiring the Algoma assets. Essar went on to criticize the handling of the SISP.
