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STEELMAKER ACQUISITION
ArcelorMittal & SA's IDC close in on $610 m dealSouth Africa's Industrial Development Corporation has agreed to acquire ArcelorMittal SA's local unit for about $610 million. This anticipa...- Naveen Jindal weighs bid for EU firm CelsaNaveen Jindal, chairman of Jindal Steel, is considering a €5-billion bid for European steelmaker Celsa to enhance his operations. The discu...
- Tata Steel seeks fresh UK government funding as Port Talbot EAF project faces delays: ReportTata Steel has requested additional UK government funding for its Port Talbot plant. Delays in the plant's transformation are increasing pr...
- Inside Tata's empire as N. Chandrasekaran secures another five-year termTata Sons reappointed N. Chandrasekaran as chairman for another five years. The conglomerate's aviation business includes Air India and Air...
- Tata Steel gets CCI nod to acquire additional 23% stake in TM International LogisticsThe Competition Commission of India has approved Tata Steel’s acquisition of an additional 23% stake in TM International Logistics from IQ ...
- From coffee to cars: Inside the Tata empire as its chairman steps downN Chandrasekaran will leave Tata Sons as chairman after failing to secure board approval for his reappointment, amid tensions with Tata Tru...
- JSW Steel takes over Dolvi Minerals and Metals for Rs 109 croreDolvi Minerals and Metals (DMM), that deals in the business of acting as trader, whole-seller and retailer in metallic and non-metallic min...
- ArcelorMittal gets European Commission nod to acquire Italy's IlvaIn November last, European Union's anti-trust authorities had opened an investigation into ArcelorMittal's bid to buy Ilva.
- JSPL close to acquiring iron ore mine in CameroonMedia reports stated that JSPL has agreed to buy 90% of Legend’s stake in the Camina SA holding company for the Ngovayang rail project in C...
- Uttam Galva acquires Lloyds Steel, to invest Rs 380 crore moreUttam Galva group has acquired majority stake of about 58.35% in ailing Lloyds Steel and plans to invest additional Rs 380 crore.
- ArcelorMittal sees obstacles in China expansionArcelorMittal, the world's largest steelmaker, is trying to expand in China, but has found little success, its chairman said on Monday.
- Essar Steel seals deal for US steel firm for $1.1 bnSteelmaker Essar Steel said on Thursday it planned to acquire US steel company Esmark, valuing the deal at 1.1 billion dollars, as it pushe...
- Chinese cos enter Rio ring; India feels the heatChinese steelmakers and the government are studying a joint bid for Rio Tinto Group to counter a $134 bn offer from BHP Billiton.
- Essar Global may invest $6b in steel capacity expansionEssar Global, the Ruias’ international holding company, is expected to invest over $6 billion over the next five years to increase steelmak...
- Essar Global to take leveraged buyout route for Algoma buyCompany to set up Canada-based special purpose vehicle (SPV); Algoma’s management may be retained.
- Arcelor Mittal, Posco discuss establishing dialogueEuropean steelmaker Arcelor Mittal and South Korea's Posco on Friday discussed possible ways to cooperate, but reached no firm commitments ...
- Corus deal may prove to be a costly affairCSN’s 515-pence offer and any fresh Tata bid will be costlier than Mittal Steel’s Arcelor buy.
- Post-Arcelor: It's Baotou wooing MittalChinese company, Baotou Iron & Steel is in talks with Arcelor Mittal over the possible sale of 49% stake.
- China fears Mittal-Arcelor heat concerned over Mittal's merger plansChinese steel industry has for the first time openly expressed concern over the merger of global steel giants, Mittal with Arcelor, saying ...
- Arcelor-Mittal deal to push steel consolidationThe prospective combination of steel giants Arcelor SA and Mittal Steel Co will likely accelerate the ongoing wave of consolidation in the ...
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