Russian's interest in Corus fades

The biggest steel maker in Russia was today said to have dropped its interest in British-Dutch steel group Corus following last week's bid by Indian firm Tata Steel.

Russian's interest in Corus fades
Mon, 23 Oct, 2006 - 09:04

The biggest steel maker in Russia was today said to have dropped its interest in British-Dutch steel group Corus following last week's bid by Indian firm Tata Steel.

The Financial Times said Severstal was extremely unlikely to make a bid for Corus to rival the £4.3bn (€6.4bn) Tata offer.

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CourtsBusinessHeathrowPlace: RussiaPlace: LondonPlace: GermanyPlace: UKPlace: Port TalbotPlace: ScunthorpePlace: RotherhamPerson: Thyssen KruppOrganisation: CorusOrganisation: Tata SteelOrganisation: Financial TimesOrganisation: SeverstalOrganisation: TataOrganisation: CSNOrganisation: NovolipetskOrganisation: Standard LifeOrganisation: Tata GroupOrganisation: Tetley TeaOrganisation: British SteelOrganisation: Hoogovens
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