Iron & Steel Co.

 

• One of the largest iron & steel company in Turkey having 2 million ton/annum steel billets production capacity

• The company was highly leveraged due to a Leveraged Buy Out

• Debt was 60% higher than the company’s revenues

• CFO position was assumed in the  company and board membership responsibility was assumed in other various group companies

• Debt stock was managed during the financial crises without any default

• Cash was generated for some of the equity need of Group’s new venture which was at the establishment stage at those years