Swansy Afonso
Stories by Swansy Afonso
India: NCLT okays JSW Steel’s $2.7b bid for Bhushan Power & Steel
JSW bid was higher than rivals Tata Steel Ltd. and Liberty House Group.
Bankruptcy law delay in India holds up JSW bidding plans
The Sajjan Jindal-run firm has faced a delay in its attempts to buy indebted assets under the insolvency law since sales of distressed firms began in
Kumar Mangalam Birla’s Hindalco taps banks for Aleris Corp acquisition
The acquisition will provide Hindalco access to high-growth sectors including automotive and transportation, and entry into aerospace and defense.
Essar Steel lenders select ArcelorMittal as preferred bidder
This would bring the world’s largest steel maker a step closer to gaining a foothold in India’s growing market for the alloy.
ArcelorMittal to challenge legitimacy of VTB-led bid for Essar Steel in court
The case will be heard in the company court in Ahmedabad.
Russia’s VTB-led consortium open to buying out Ruia in Essar Steel race
The consortium led by VTB is up against ArcelorMittal, the world’s biggest steelmaker, that last month submitted a higher offer than the former.
Arcelor, VTB hit speed bump in bid for India’s $6b Essar Steel
Advisers evaluating the offer have expressed concerns about the eligibility of the offers from both ArcelorMittal and the VTB consortium.
India: ArcelorMittal, Russia’s VTB-led consortium said to vie for Essar Steel
Essar Steel could fetch a valuation of at least $6 billion in a sale.
India: JSW to partner Japan’s JFE, other investors to buy Bhushan, Monnet assets
India’s insolvency law has set off a contest for more than $26 billion of steel assets, spurring interest from metals giants such as ArcelorMittal a
Industrialists face off with producers as $26b of India’s steel assets go up for grabs
Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers.
