23
Sep
10:44
Tata Steel signs up to acquire Usha Martin
Tata Steel has announced that it has executed definitive agreements for acquisition of the steel business of fellow Indian steelmaker Usha Martin Limited (UML). In a stock exchange statement monitored by Kallanish, Tata says that this has been done “… through a Slump Sale on a going concern basis.”
Upon the closing of the deal, either Tata Steel or any of its subsidiaries or affiliates may carry out this acquisition, the company adds. “A…
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Anonymous
Very good overview of the weekly steel market.
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