12
Oct
16:13
Tata Steel abandons Brahmani pellet plant acquisition
Tata Steel will no longer acquire Odisha-based Brahmani River Pellets (BRPL) after the share purchase agreement expired before required conditions had been met, Kallanish learns from the Indian steelmaker.
Last December Tata agreed to acquire 100% equity shares in BRPL from Aryan Mining and Trading Corporation and other companies in the Moorgate Industries Group (see Kallanish passim). The transaction was to be based on an enterprise value of INR 900 crores ($13…
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Anonymous
Very good overview of the weekly steel market.
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