17
Aug
13:34
JSW eyes 75% Teck coal business stake: reports
JSW Steel is eyeing acquiring a 75% stake in Teck Resources' coal business, Elk Valley Resources, according to Bloomberg.
The Indian steelmaker declined to comment when approached by Kallanish.
According to reports, JSW Steel is looking to form a consortium to acquire a 75% stake in Elk Resources. Last month, JSW was reported to be interested in acquiring 20% of Teck’s coal business. The potential deal could value the business at $8 billion, competing w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous