Track Record

Zaporizhstal wished to purchase a new pickling line from Voest Alpine Industries as part of a much wider investment programme covering the replacement of the open-hearth furnaces and modernisations of the mills. The study examined the company’s ability to carry out the project, its feasibility, and the ability to repay a loan that would then be guaranteed by OeKB. The work included the technical, environmental, markets and financial issues arising from the investment programme as a whole.

The preparation of a feasibility study for investment and turnaround and pre due-diligence report on a European steel group involved in scrap collection, steel manufacturing and steel distribution

Technical and commercial due diligence was carried out for the eventual buyer of Erdemir, covering the technical condition of the plant, a review of its extensive investment programme, an analysis of its market opportunities and a financial model used for valuation purposes.

Technical and commercial due diligence was carried out at PSMC for a potential buyer. This covered a technical review of the plant and a cash flow model used for valuation.

A review of the National Restructuring Plan, including the preparation of individual business plans for Zeljezara Split and Zeljezara Sisak and a recommended action plan for the restructuring of the sector.

A technical and commercial audit of a seamless tube mill for a prospective buyer. The work included a review of plant performance and markets, together with a valuation.

Advisors to the Government of Montenegro on the sale of this special steels plant. The work included the preparation of the Information Memorandum, a valuation of the plant, and assistance with reviewing the bids and negotiating with purchasers.

A review of the National Restructuring Plan prepared for Accession negotiations. This project resulted in the preparation of market projections, an audit of state aid disbursed to steel companies, a restructuring action plan, and individual business plans for Vitkovice and Nova Hut steelworks. The resulting programme allowed the chapter of the Accession Treaty on steel to be finalised and the amount of future state aid agreed.