March 31, 2017 / 11:13 AM / 6 months ago

BRIEF-JSW Steel announces restructuring of subsidiaries' holding structure

March 31 (Reuters) - JSW Steel Ltd

* Says restructuring of subsidiaries holding structure

* Says reorganisation plan entails capital reduction at Netherlands co level

* Says restructuring, consolidation exercise do not entail any sale of co’s overseas investments

* Says reorganisation plan entails transfer of certain assets,liabilities to Periama Holding LLC in U.S.

* Says co continues to have same economic interests in the Netherlands co and its operations in U.S. and Latin America

* Says reorganisation plan entails liquidation of JSW Steel Holding USA Inc

* Says taken steps to write off loans given to U.S. Hold Co Source text: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below