A company owned by Russian billionaire Vladimir Lisin is set to acquire Progress, one of the country’s largest baby food producers, for about 70 billion roubles ($745 million), the RBC daily reported, citing...
Biden still opposes Nippon Steel deal’s bid for U.S. Steel
U.S. President Joe Biden said on Friday his opposition to Nippon Steel’s $14.9 billion bid for U.S. Steel hadn’t changed despite a decision by his administration to extend a national security review of the...
Steel ministry pushes for merger of debt-hit RINL with SAIL
The steel ministry is “actively working” towards the merger of Rashtriya Ispat Nigam (RINL) with Steel Authority of India Ltd (SAIL), said a senior government official, a development that comes in the...
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel
The White House is set to announce that President Joe Biden will block Nippon Steel’s $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters...
Nippon Steel, US Steel send letter to Biden on merger plans
Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese...
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel
The White House is set to announce that President Joe Biden will block Nippon Steel’s $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters...
President Biden close to blocking Nippon Steel’s acquisition of US Steel
The White House is close to announcing President Joe Biden will block Nippon Steel’s acquisition of US Steel citing national security concerns, two sources familiar with the situation said on Wednesday, amid...
JSW Steel to buy 66.67% in Australian coking coal miner for $170 million
JSW Steel will acquire the controlling stake in an Australian miner for $170 million as India’s largest steelmaker seeks to secure the supply of coking coal—a key raw material that is scarce in India—to meet its...
Thyssenkrupp to Sell Site Stake in Tussle Over Steel Future
Thyssenkrupp AG’s steel unit plans to sell a stake in an industrial site in Germany after a supervisory board meeting ended without agreement on a broader restructuring of the ailing division. As part of a push to lower...
NCLT approves Indian Steel & Wire Products’ merger with Tata Steel
The National Company Law Tribunal (NCLT) in Mumbai on Tuesday approved the merger of Tata Group-owned Indian Steel & Wire Products Ltd with Tata Steel Ltd. The division bench, comprising judicial member KR Saji...
Jai Corp’s Virendra Jain, son acquire Kamachi Industries for ₹487 crore
Jai Corp’s vice chairman Virendra Jain and his son Ankit Jain have acquired Chennai-headquartered steel company Kamachi Industries for ₹487 crore, said a statement issued by Kamachi Industries on Saturday. The...
CCI approves two acquisitions involving Arjas Steel, Suven Pharmaceutical
The Competition Commission of India (CCI) has granted approval for two significant acquisitions, as per an official statement by the CCI. Firstly, the CCI has approved the indirect controlling acquisition of Arjas Steel...
