Brazilians top bidding for former British Steel firm
The battle for steel group Corus (formerly British Steel) intensified today after Brazilian firm CSN dramatically trumped a takeover offer from Indian rival Tata.
The Corus board backed a 515p a share offer worth £4.9bn (€7.2bn) from CSN just hours after agreeing a 500p a share deal with Tata, which valued Corus at £4.7bn (€7bn) .