Wednesday, April 18, 2007

REFILE-UPDATE 1-India's Essar to buy Minnesota Steel

(Reuters) - NEW YORK, April 18 - Essar Global plans to buy privately owned Minnesota Steel LLC and invest $1.65 billion to build an integrated steel plant, the companies said on Wednesday, the Indian company's second North American steel deal this week.

Essar's unit Essar Steel Holdings Ltd. on Sunday said it would buy Canadian Algoma Steel Inc. for $1.63 billion.


Read more at Reuters.com Mergers News

No comments: