Essar Steel Insolvency: Lenders Accept ArcelorMittal’s Plan That Promises 85%  Recovery 
Arcelor Mittal Chief Executive Officer Lakshmi Mittal speaks during a news conference (Photographer: Wolfgang von Brauchitsch/Bloomberg)

Essar Steel Insolvency: Lenders Accept ArcelorMittal’s Plan That Promises 85% Recovery 

The committee of creditors of Essar Steel Ltd. has accepted the joint offer made by ArcelorMittal and Japan’s Nippon Steel even as promoters, the Ruias, made a last-ditch effort to retain the steel...
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