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Tata Steel has acquired Corus Group, the largest steel producer in the UK, for $8.6 billion. This major financial decision makes Tata Steel the fifth largest steel producer in the world. It will positively impact Tata and Corus employees and shareholders. Tata Steel will take an $8 billion loan for the acquisition and use special purpose vehicles to arrange $36.5 billion in financing. The deal will strengthen Tata Steel
- Author
- Pankaj Gupta
- Language
- EN