+ Follow LNM Tag
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 235981
[Title] => LNM Group continues to pursue bid for Nat’l Steel
[Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 235860
[Title] => NSC creditors pick GIHL
[Summary] => Majority of the creditor-banks of the National Steel Corp. (NSC) have reportedly accepted the improved offer of Global Infrastructure Holdings Ltd. (GIHL).
According to sources involved in the talks, 60 percent or a majority of the banks have accepted GIHL’s offer for NSC.
Even those who reportedly had some questions about the length of payment, sources said, did not do anything "negative" to derail the acceptance of GIHL’s offer.
The sources also said a date for the signing of the MOA is now being set.
[DatePublished] => 2004-01-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 235747
[Title] => NSC liquidator defends bidding process
[Summary] => Responding to allegations of irregularity in the bidding process, Securities and Exchange Commission (SEC) appointed liquidator of National Steel Corp. (NSC), lawyer Danilo L. Concepcion, clarified yesterday that at the very outset the creditors of NSC have determined that the offer of Global Infrastructure Holdings Ltd. (GIHL) was far superior to that of LNM Holdings N.V. (LNM).
[DatePublished] => 2004-01-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 235654
[Title] => GIHL scores LNM over Nat’l Steel bidding issue
[Summary] => Global Infrastructure Holdings Limited (GIHL) has finally broken its silence on the continuing complaints of the LNM Group over the bidding for the Philippine National Steel Corp. (NSC).
Speaking on behalf of GIHL, Sushant C. Das, president-designate of GIHL, expressed his regret yesterday over the recent statements by Eric Tierie of LNM Holdings N.V. describing the NSC bidding as "unfair."
[DatePublished] => 2004-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 235148
[Title] => LNM pushes counter-offer for National Steel
[Summary] => LNM Holdings is making one last ditch appeal to the Department of Trade and Industry (DTI) to convince the creditor banks of the National Steel Corp. (NSC)...
[DatePublished] => 2004-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 232152
[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
[URL] =>
)
[6] => Array
(
[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
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 230816
[Title] => LNM says NSC acquisition is meant to challenge China’s dominance in SEA
[Summary] => OSTRAVA, Czech Republic – Acquiring the Philippine National Steel Corp. (NSC) is deemed by the LNM Group as a strategically important move in Southeast Asia to counter-balance the current dominance of China in the region.
This was admitted by K.A.P. Singh, a director of the LNM Group and the concurrent vice chairman of the Managing Board and chief operating officer of Ispat Nova Hut, the Czech steel firm acquired by the LNM Group early this year.
[DatePublished] => 2003-12-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 228237
[Title] => LNM Holdings willing to match Global’s NSC offer
[Summary] => LNM Holdings N.V. is still willing to match whatever bid Global Infrastructure Holdings Ltd. (GIHL) is offering to operate and eventually purchase the mothballed National Steel Corp. (NSC).
This was the assurance given by Eric D. Tierie, LNM’s general manager for marketing, following a courtesy call to Board of Investments (BOI) managing head Gregory Domingo last week.
According to Tierie, LNM is willing to wait for the end of the 90-day "exclusivity" negotiation period of GIHL with the NSC creditor-bank group.
[DatePublished] => 2003-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 222673
[Title] => Foreign steelmaker bids for National Steel Corp.
[Summary] => The London-based LNM group, the world’s second largest steel producer, yesterday submitted a bid for the lease or purchase of the assets of the the National Steel Corp. (NSC).
LNM Holdings N.V. vice chairman Addiya Mittal said that "with the LNM Group as its main strategic partner, the NSC has the potential again to become the largest integrated steel producer in the Philippines."
The LNM Group, Mittal said, has considerable experience in successfully turning around under-performing plants.
[DatePublished] => 2003-10-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
LNM
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 235981
[Title] => LNM Group continues to pursue bid for Nat’l Steel
[Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 235860
[Title] => NSC creditors pick GIHL
[Summary] => Majority of the creditor-banks of the National Steel Corp. (NSC) have reportedly accepted the improved offer of Global Infrastructure Holdings Ltd. (GIHL).
According to sources involved in the talks, 60 percent or a majority of the banks have accepted GIHL’s offer for NSC.
Even those who reportedly had some questions about the length of payment, sources said, did not do anything "negative" to derail the acceptance of GIHL’s offer.
The sources also said a date for the signing of the MOA is now being set.
[DatePublished] => 2004-01-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 235747
[Title] => NSC liquidator defends bidding process
[Summary] => Responding to allegations of irregularity in the bidding process, Securities and Exchange Commission (SEC) appointed liquidator of National Steel Corp. (NSC), lawyer Danilo L. Concepcion, clarified yesterday that at the very outset the creditors of NSC have determined that the offer of Global Infrastructure Holdings Ltd. (GIHL) was far superior to that of LNM Holdings N.V. (LNM).
[DatePublished] => 2004-01-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 235654
[Title] => GIHL scores LNM over Nat’l Steel bidding issue
[Summary] => Global Infrastructure Holdings Limited (GIHL) has finally broken its silence on the continuing complaints of the LNM Group over the bidding for the Philippine National Steel Corp. (NSC).
Speaking on behalf of GIHL, Sushant C. Das, president-designate of GIHL, expressed his regret yesterday over the recent statements by Eric Tierie of LNM Holdings N.V. describing the NSC bidding as "unfair."
[DatePublished] => 2004-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 235148
[Title] => LNM pushes counter-offer for National Steel
[Summary] => LNM Holdings is making one last ditch appeal to the Department of Trade and Industry (DTI) to convince the creditor banks of the National Steel Corp. (NSC)...
[DatePublished] => 2004-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 232152
[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
[URL] =>
)
[6] => Array
(
[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
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 230816
[Title] => LNM says NSC acquisition is meant to challenge China’s dominance in SEA
[Summary] => OSTRAVA, Czech Republic – Acquiring the Philippine National Steel Corp. (NSC) is deemed by the LNM Group as a strategically important move in Southeast Asia to counter-balance the current dominance of China in the region.
This was admitted by K.A.P. Singh, a director of the LNM Group and the concurrent vice chairman of the Managing Board and chief operating officer of Ispat Nova Hut, the Czech steel firm acquired by the LNM Group early this year.
[DatePublished] => 2003-12-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 228237
[Title] => LNM Holdings willing to match Global’s NSC offer
[Summary] => LNM Holdings N.V. is still willing to match whatever bid Global Infrastructure Holdings Ltd. (GIHL) is offering to operate and eventually purchase the mothballed National Steel Corp. (NSC).
This was the assurance given by Eric D. Tierie, LNM’s general manager for marketing, following a courtesy call to Board of Investments (BOI) managing head Gregory Domingo last week.
According to Tierie, LNM is willing to wait for the end of the 90-day "exclusivity" negotiation period of GIHL with the NSC creditor-bank group.
[DatePublished] => 2003-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 222673
[Title] => Foreign steelmaker bids for National Steel Corp.
[Summary] => The London-based LNM group, the world’s second largest steel producer, yesterday submitted a bid for the lease or purchase of the assets of the the National Steel Corp. (NSC).
LNM Holdings N.V. vice chairman Addiya Mittal said that "with the LNM Group as its main strategic partner, the NSC has the potential again to become the largest integrated steel producer in the Philippines."
The LNM Group, Mittal said, has considerable experience in successfully turning around under-performing plants.
[DatePublished] => 2003-10-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
abtest
October 1, 2003 - 12:00am
