Stemcor seeking more time to negotiate loans

UK-based steel trading company Stemcor is seeking a further three months to negotiate with banks over loan repayments, the company said on Monday September 16.

A standstill agreement to negotiate an $850 million loan expires today, Stemcor said.
The company hopes to put in place another standstill agreement to run until December 20.

Stemcor is...


Naomi Christie

September 16, 2013

11:49 GMT