VTB-Led Group Offers to Match Arcelor's $5.8 Billion Essar Bid
Flames escape from a red hot seamless steel pipe as it passes through the tube rolling shop at a manufacturing plant in Russia. (Photographer: Andrey Rudakov/Bloomberg)

VTB-Led Group Offers to Match Arcelor's $5.8 Billion Essar Bid

(Bloomberg) -- A VTB Capital-led consortium has offered to match ArcelorMittal’s 420 billion rupee ($5.8 billion) bid for Essar Steel India Ltd., heating up the long drawn battle for the biggest st...
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