ArcelorMittal: set to raise its bid on Essar Steel
(CercleFinance.com) - According to Bloomberg, ArcelorMittal, the world's largest steelmaker, has raised its takeover bid on the Indian group Essar Steel India, which is currently in bankruptcy proceedings to around 420 billion rupees, or 5.
5 billion euros.
Bloomberg understands that the group, which is led by Lakshmi Mittal, has offered to take over all of Essar's secured debt, with it owing about 508 billion Indian rupees to its creditors.
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5 billion euros.
Bloomberg understands that the group, which is led by Lakshmi Mittal, has offered to take over all of Essar's secured debt, with it owing about 508 billion Indian rupees to its creditors.
Copyright (c) 2018 CercleFinance.com. All rights reserved.