Bibliographic Details
| Title: |
Interseroh enters US steel recycling market. |
| Source: |
Recycling International. Jan/Feb2008, Issue 1, p17-17. 1/4p. |
| Subject Terms: |
*Scrap materials, Equity stake, Steel |
| Geographic Terms: |
United States |
| Company/Entity: |
Interseoh (Company) , Protrade Group LLC |
| Abstract: |
The article reports on the decision of German services and raw materials trading group Interseoh to acquire 25% share in U.S. steel recycling and scrap trading company ProTrade Group LLC. In 2007, a cooperation agreement has been signed between the two firms that will allow ProTrade's shares to be increase to 75% in the medium term. Interseoh stated that such move will enable it to enter the U.S. steel scrap market. On the other hand, ProTrade will benefit from the transaction as it will strengthen its financial power to expand is position in the U.S. |
| Database: |
GreenFILE |
