Middle East Economic Survey


No 28



UK/Dutch Firm Buys 51% Share In Bosnian-Kuwaiti Steel Mill

The Anglo Dutch steel producer LNM Group has won a tender to buy the 51% Bosnian share in the Bosnian-Kuwaiti BH Steel mill (BH Steel Zeljezara) at Zenica. Indias Ispat Group was the only other bidder. The price paid by LNM was not mentioned. BH Steel Zeljezara was a joint venture between Zeljezara and the Kuwait Consulting and Investment Company that was formed at the end of...