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Saarstahl reaches agreement in principle with Liberty Steel France

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Author: Editorial Office

Saarstahl reaches agreement in principle with Liberty Steel France
Photo: SHS –Stahl-Holding-Saar

05.07.2021. Saarstahl and its parent company SHS – Stahl-Holding-Saar (SHS) confirm that they have obtained an agreement in principle from Liberty Steel France Holding. This is another important step that paved the way for SHS to take over the two steel plants, Liberty Ascoval (in Saint-Saulve, Nord, hereafter “Ascoval”) and Liberty Rail Hayange (in Hayange, Moselle, hereafter “Hayange”).

Final agreement by the end of summer 2021

Saarstahl and the SHS group are fully mobilised alongside all parties and the Ascoval and Hayange teams so as to achieve a final agreement by the end of summer 2021.

Industrial concept for both French sites

With the broad support of the parties concerned and the official representatives, SHS and Saarstahl have proposed an industrial concept for the Ascoval and Hayange plants. This ensures the economic and social security and further developement of the two French sites.

 

(Source: SHS – Stahl-Holding-Saar)