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.

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) .

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