Indian Steel company considering bid for Corus

Indian steel giant Tata Steel said today it was considering a takeover move for former British Steel firm Corus.

Tata said it was “evaluating various opportunities including Corus”, although it warned that there was no certainty an offer would be made.

Corus has been in the bid spotlight for months and shares soared 12% today to value the Anglo-Dutch firm at £4.1bn (€6bn).