February 19, 2017 5:06 PM ET

Metals and Mining

Company Overview of U. S. Steel Kosice, s.r.o.

Company Overview

U. S. Steel Kosice, s.r.o. manufactures flat rolled steel products. It offers hot rolled plates for use in the manufacture of machinery, and civil and power engineering applications; cold rolled plates for use in automotive, food-packaging, civil engineering, and electrical product manufacturing industries; electrotechnical plates for use in the construction of magnetic circuits for electrical rotating machines, small transformers, solenoids, and other electrical equipment components; hot dip galvanized plates for application in automotive, civil and machine engineering, and domestic appliances; organic coated products for use in civil engineering exterior and interior applications, and for ...

Vstupny areal U. S. Steel

Kosice,  044 54

Slovakia

Founded in 2000

Phone:

421 55 6731 111

Fax:

421 55 6731 110

Key Executives for U. S. Steel Kosice, s.r.o.

President
Age: 49
Chief Financial Officer and Senior Vice President
Vice President of Operations
Director of Accounting Compliance and External Reporting
Vice President of External Affairs, Administration and Business Development
Age: 52
Compensation as of Fiscal Year 2016.

U. S. Steel Kosice, s.r.o. Key Developments

Cabinet Confirms Ongoing Talks Over USSK Sale

Ministers in Slovakia have confirmed that talks are ongoing over the possible sale of U. S. Steel Kosice, s.r.o. (USSK), while US Steel itself has neither confirmed nor denied that it plans to sell the plant. It is reported that, He Steel Group Co., Ltd. is a leading potential buyer for USSK, purportedly offering €1.40 billion for the firm, and that US Steel signed a memorandum of understanding with the firm at the end of January 2017. Economy Minister Peter Ziga has said that US Steel has assured the government that it will be invited to join talks once a deal is more concrete.

Slovakia Government Reportedly Eyeing Stake In U.S. Steel Kosice

Robert Fico, Slovakia's Prime Minister reported on January 25, 2017 that Slovakia's government may be interested in buying stake in U. S. Steel Kosice, s.r.o. in case its owner decides to sell the company. As per the rumors, U. S. Steel Kosice is planning to hold talks regarding the sale only with He Steel Group Co., Ltd. although MORAVIA STEEL a.s. was also interested. Also, it is understood that Slovakia's government will hold talks with U. S. Steel Kosice's new owner.

U. S. Steel Reportedly In Talks To Sell Plant In Kosice

U. S. Steel Kosice, s.r.o. is pursuing talks over the sale of its plant in Kosice with a Chinese suitor, having rejected the interest of a potential Czech bidder, local media claimed. Speculation that US Steel is looking to sell the largest employer in eastern Slovakia has been on and off for years. However, suggestions that specific Chinese or Russian investors are keen to buy the mill emerged in 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 26, 2017
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