Firms begin battle for steel firm takeover

A head-to-head bid battle for former British Steel firm Corus is due to get under way today.

Firms begin battle for steel firm takeover
Tue, 30 Jan, 2007 - 15:17

A head-to-head bid battle for former British Steel firm Corus is due to get under way today.

The £5bn (€7.5bn) auction – set to involve Brazilian firm CSN and India’s Tata Steel – has been established by the UK’s Takeover Panel and will consist of up to nine bidding rounds starting at 4.30pm today.

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