Report: Steel Giants Team Up in Bid for Indian Manufacturer
01/29/2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.
“The final contours of the tie-up are being worked out,” an unidentified senior executive told the newspaper.
Essar Steel is one of 12 Indian companies that were forced into insolvency proceedings by the country’s central bank.
The Economic Times has the full story here.
Essar Steel is one of 12 Indian companies that were forced into insolvency proceedings by the country’s central bank.
The Economic Times has the full story here.
