WL Ross-backed Four Rivers takes 23.5% stake in Chongqing Steel after recapitalization

Chongqing Steel
Photo: Reuters

Four Rivers Investment Management Company, a joint venture between New York-based WL Ross & Co and China Baowu Steel Group, has acquired 23.5 per cent stake in Chongqing Iron & Steel Co following the successful restructuring and recapitalization of the beleaguered Chinese steel company.

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