New blow for steel giant

Beleaguered UK steel giant Corus suffered a fresh blow today after plans to raise more than £500m (€740m) from the sale of two businesses collapsed.

New blow for steel giant
Thu, 13 Mar, 2003 - 11:25

Beleaguered UK steel giant Corus suffered a fresh blow today after plans to raise more than £500m (€740m) from the sale of two businesses collapsed.

The Anglo-Dutch group had hoped to boost its balance sheet through the deal but instead saw the move blocked by its supervisory board in the Netherlands.

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