EU clears Brazilian takeover bid for Corus

Brazilian steelmaker CSN won EU regulatory approval to buy Corus Group PLC today, as it battles India’s Tata Steel to win control of the British company.

EU clears Brazilian takeover bid for Corus
Mon, 29 Jan, 2007 - 16:47

Brazilian steelmaker CSN won EU regulatory approval to buy Corus Group PLC today, as it battles India’s Tata Steel to win control of the British company.

Last month, Companhia Siderurgica Nacional SA (CSN) made a €7.4bn bid for Corus that topped a sweetened offer by Tata Steel of India.

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CourtsBusinessHeathrowPlace: IndiaPlace: EuropeOrganisation: EUOrganisation: CorusOrganisation: CSNOrganisation: Corus Group PLCOrganisation: Tata SteelOrganisation: Companhia Siderurgica Nacional SAOrganisation: European Commission
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