CSN prepare rival bid for Corus

BRAZILIAN steel group CSN was yesterday said to be preparing to trump the £4.3 billion (€6.4bn) takeover of Corus by Indian rival Tata Steel.

CSN prepare rival bid for Corus
Mon, 23 Oct, 2006 - 01:00

The Sunday Times said CSN has appointed investment bank Lazards to advise it over launching a counter-bid for the firm.

German steel group Thyssen Krupp was said to be interested and Russian rival Severstal will not table an offer because of its impending IPO.

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