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                    [Title] => LNM hikes upfront cash offer for NSC to P2.5B
                    [Summary] => The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel firm and invest P4 billion for repairs, upgrades and working capital in the first year.


Earlier, LNM’s upfront cash offer was P2 billion, besting the other contending group’s P1-billion upfront cash offer.


                    [DatePublished] => 2003-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 231907
                    [Title] => NSC mancom accepts Indian firm’s new offer
                    [Summary] => The National Steel Corp. (NSC) management committee (mancom) has "accepted" the new offer of Global Infrastructure Holdings Ltd. Inc. (GIHLI), paving the way for the rehabilitation of the debt-saddled steel firm.


GIHLI earlier offered to increase by P355 million its  purchase price for NSC from the original P11.905 billion to P12.250 billion   and agreed to release  an upfront cash of P1 billion    for the  immediate rehabilitation of the steel firm once a deal is reached with the creditor banks.


                    [DatePublished] => 2003-12-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 231677
                    [Title] => Dutch firm offers P2-B upfront to restart NSC
                    [Summary] => The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the creditor banks of the mothballed steel firm.
                    [DatePublished] => 2003-12-15 00:00:00
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                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 230129
                    [Title] => Sale of National Steel seen before Christmas
                    [Summary] => The sale agreement between the National Steel Corp.  (NSC) and Global Infrastructure Holdings Ltd. (GIHLI) is expected to be signed before Christmas as negotiations closed in on the proposal to shorten the repayment of its obligations from 15 years to only eight years.
                    [DatePublished] => 2003-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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            [5] => Array
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                    [ArticleID] => 227632
                    [Title] => Danaharta approves NSC deal
                    [Summary] => The sale of the National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHLI) has been approved by the Pengurusan Danaharta Nasional Berhad (Danaharta), the asset management arm of the Malaysian government. 


Negotiations are still on-going between the NSC, GIHLI and NSC’s creditor banks but the transaction was initially accepted by the Malaysian company that took over NSC’s former major stockholders, Hottick Holdings Inc. 


                    [DatePublished] => 2003-11-12 00:00:00
                    [ColumnID] => 133272
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GIHLI

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                    [Title] => LNM hikes upfront cash offer for NSC to P2.5B
                    [Summary] => The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel firm and invest P4 billion for repairs, upgrades and working capital in the first year.


Earlier, LNM’s upfront cash offer was P2 billion, besting the other contending group’s P1-billion upfront cash offer.


                    [DatePublished] => 2003-12-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 231907
                    [Title] => NSC mancom accepts Indian firm’s new offer
                    [Summary] => The National Steel Corp. (NSC) management committee (mancom) has "accepted" the new offer of Global Infrastructure Holdings Ltd. Inc. (GIHLI), paving the way for the rehabilitation of the debt-saddled steel firm.


GIHLI earlier offered to increase by P355 million its  purchase price for NSC from the original P11.905 billion to P12.250 billion   and agreed to release  an upfront cash of P1 billion    for the  immediate rehabilitation of the steel firm once a deal is reached with the creditor banks.


                    [DatePublished] => 2003-12-17 00:00:00
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                    [AuthorName] => Marianne V. Go
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                    [Title] => Dutch firm offers P2-B upfront to restart NSC
                    [Summary] => The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the creditor banks of the mothballed steel firm.
                    [DatePublished] => 2003-12-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 230129
                    [Title] => Sale of National Steel seen before Christmas
                    [Summary] => The sale agreement between the National Steel Corp.  (NSC) and Global Infrastructure Holdings Ltd. (GIHLI) is expected to be signed before Christmas as negotiations closed in on the proposal to shorten the repayment of its obligations from 15 years to only eight years.
                    [DatePublished] => 2003-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 227632
                    [Title] => Danaharta approves NSC deal
                    [Summary] => The sale of the National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHLI) has been approved by the Pengurusan Danaharta Nasional Berhad (Danaharta), the asset management arm of the Malaysian government. 


Negotiations are still on-going between the NSC, GIHLI and NSC’s creditor banks but the transaction was initially accepted by the Malaysian company that took over NSC’s former major stockholders, Hottick Holdings Inc. 


                    [DatePublished] => 2003-11-12 00:00:00
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abtest

LNM hikes upfront cash offer for NSC to P2.5B

By Marianne V. Go | December 19, 2003 - 12:00am

The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel...

Business

NSC mancom accepts Indian firm’s new offer

By Marianne V. Go | December 17, 2003 - 12:00am

The National Steel Corp. (NSC) management committee (mancom) has "accepted" the new offer of Global Infrastructure Holdings Ltd. Inc. (GIHLI), paving the way for the rehabilitation of the debt-saddled steel...

Business

Dutch firm offers P2-B upfront to restart NSC

By Marianne V. Go | December 15, 2003 - 12:00am

The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the...

Business

Indian firm ups offer for Nat’l Steel to P12.25-B

By Des Ferriols | December 11, 2003 - 12:00am

Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company....

Business

Sale of National Steel seen before Christmas

By Des Ferriols | December 3, 2003 - 12:00am

The sale agreement between the National Steel Corp. (NSC) and Global Infrastructure Holdings Ltd. (GIHLI) is expected to be signed before Christmas as negotiations closed in on the proposal to shorten the repayment...

Business

Danaharta approves NSC deal

November 12, 2003 - 12:00am

The sale of the National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHLI) has been approved by the Pengurusan Danaharta Nasional Berhad (Danaharta), the asset management arm of the Malaysian government....

Business