India wins Corus takeover battle

India’s Tata Steel won the battle for Corus early today after a dramatic night of bidding sent the Anglo-Dutch firm’s value soaring to £5.75bn (€8.66bn).

India wins Corus takeover battle
Wed, 31 Jan, 2007 - 15:54

India’s Tata Steel won the battle for Corus early today after a dramatic night of bidding sent the Anglo-Dutch firm’s value soaring to £5.75bn (€8.66bn).

Tata beat off Brazilian rival CSN in an auction organised by the Takeover Panel, but ended up paying 33% more than its first offer in October.

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