"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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148.6 USD | +0.65% | +2.19% | 127B | ||
24.05 EUR | +1.26% | -0.25% | 21.11B | ||
1st Jan change | Capi. | |
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+0.16% | 5.41B | |
+13.63% | 555B | |
+11.52% | 295B | |
+10.21% | 247B | |
+21.50% | 209B | |
+17.79% | 172B | |
+9.46% | 165B | |
+5.13% | 156B | |
+0.01% | 139B | |
-10.19% | 139B |