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Posco to double capacity in 30 years Posco, the world's fifth-largest steel maker, is looking to double its crude steel output capacity via overseas expansion as the domestic steel market reaches its growth limit. 12 Dec 2006
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Mittal announces new dividend policy, to grow richer by $ 780 million Steel king L.N. Mittal and his family will be richer by $ 780 million (413 million pounds) when they will receive the amount next year under the guaranteed minimum dividend announced by Arcelor-Mittal recently. 12 Dec 2006
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CSN tops Tata's sweetened offer for Corus, bid war enters endgame The swords are finally drawn. It is do or die for both the steelmakers – India's Tata Steel and Brazilian Companhia Siderurgica Nacional (CSN) – as they try to outbid each other in their quest to acquire the hand of Anglo-Dutch steelmaker, Corus Plc. 12 Dec 2006
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Tata Steel raises Corus bid to $ 9.2 billion, watches CSN's move India's leading steel producer, Tata Steel, has raised its bid for Anglo-Dutch steelmaker Corus to an agreed $ 9.2 billion (£ 4.7 billion), December 10, from $ 8.4 billion (£ 4.3 billion) to fend off a potential counterbid from rival Brazil's Companhia Siderurgica Nacional (CSN). 11 Dec 2006
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Brazil’s CSN in the fray for Corus takeover with £ 4.26 billion bid Brazil's Companhia Siderurgica Nacional (CSN) has announced that it has approached Anglo-Dutch steelmaker Corus Group with a takeover offer valuing the firm at £ 4.26 billion or about 4.4 percent more than what India's Tata had bid for earlier. 19 Nov 2006
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Corus, Arcelor deals different, says Tata Stressing that Tata-Corus deal is aimed at complementary opportunities, Tata group chairman Ratan Tata has dismissed rumors that they are preparing for a face-off with global steel tycoon L.N. Mittal. 13 Nov 2006
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Mittal Steel may have to shell out $ 3 billion more for Arcelor Brazil: Report Mittal Steel may have to cough up an additional $ 3.3 billion to successfully complete the acquisition of Arcelor after Brazilian regulators sought better terms for shareholders of the Latin American subsidiary, Arcelor Brazil. 27 Oct 2006
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Tata-Corus deal an Indian pride but much to do For India, Tata Steel's £ 4.3 billion ($ 8.04 billion) bid for Europe’s second largest steelmaker Corus Group Plc. is more than just a corporate takeover, it is a matter of national pride. 27 Oct 2006
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Tatas to buy Corus steel group for £ 4.3 billion India's largest private steel producer, the Tata group is beaming. Its recent efforts in acquiring London-based Anglo-Dutch steelmaker, Corus PLC finally bore fruit when board members of Europe's second largest steelmaker, Friday, okayed Tata Steel's bid at 455 pence/share, or at £ 4.3 billion ($ 8.04 billion). 21 Oct 2006
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Tatas to develop coal-based power project in Orissa Tata Power Company (TPC) has announced plans of investing around Rs. 9000 crore in two phases for developing a coal-based power project at Naraj Marthapur near Cuttack, Orissa. 11 Oct 2006
