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...

Published

Naomi Christie

September 16, 2013

11:49 GMT

London