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BlueScope opts for share sale to trim debt

China Daily | Updated: 2008-12-11 07:59

BlueScope opts for share sale to trim debt

A worker monitors the production process at BlueScope Steel Ltd's plant in Phu My, Vietnam. Bloomberg News

BlueScope Steel Ltd, Australia's largest steelmaker, plans to sell A$550 million ($364 million) in stock to institutions and existing shareholders to help reduce debt as demand weakens and credit market uncertainty gains.

BlueScope opts for share sale to trim debt

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