"The financial terms of the proposal are confidential, but represent a material increase to the previous offers made by the company," ArcelorMittal said in a statement.
(Reporting by Promit Mukherjee; Editing by David Goodman)
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MUMBAI (Reuters) - Steel giant ArcelorMittal has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta Resources.
"The financial terms of the proposal are confidential, but represent a material increase to the previous offers made by the company," ArcelorMittal said in a statement.
(Reporting by Promit Mukherjee; Editing by David Goodman)
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5d. change
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Capi.
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147.6 USD | +0.14% | +3.38% | 126B | ||
23.75 EUR | +0.89% | -0.34% | 20.77B | ||
1st Jan change | Capi. | |
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+0.16% | 5.49B | |
+13.75% | 556B | |
+12.36% | 298B | |
+8.64% | 247B | |
+21.72% | 210B | |
+16.11% | 170B | |
+6.88% | 162B | |
+4.42% | 153B | |
-11.67% | 138B | |
+0.10% | 139B |