Trustee Starts Sale of Bankrupt Slovak Steel Mini-Mill

A bankruptcy trustee has started an international tender to sell the assets of Slovakia Steel Mills mini-mill in eastern Slovakia, the trustee firm SSR said. The mill with annual capacity of 620,000 tonnes of steel billets and a rolling mill operation was opened in 2011 in the eastern town of Strazske, but fell into bankruptcy in 2015, and the operations have been mothballed, Reuters reported. "Subject of the sale of the properties represents mainly the key equipment, buildings, other operating assets supporting the production process," a sale notice on the trustee's website said. Slovakia's MiddleCap Partners was chosen as adviser for the sale. Deadline for applications is July 8, indicative offers are due on Sept 25 and final offers due on Dec 19 this year. Read more.