Acquisition of Steel Invest will allow the Company to recover funds from loans to Steel Invest, which in turn where forwarded into further operators. Steel Invest is in process of recovery funds from third parties by bankruptcy proceedings and judicial execution. Steel Invest’ s are not obsolete.
The Company has created in the past years the reserves in full to cover above mentioned loan as well as the costs of recovery. The results of the company's Steel Invest will be consolidated from the second quarter of 2012.
