TITLE

Canadian Steelmaker Algoma Acquired by India's Essar

PUB. DATE
May 2007
SOURCE
Metal Center News;May2007, Vol. 47 Issue 6, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Essar Steel Holdings Ltd. of Algoma Steel Inc. in Canada. According to reports, Essar will pay about $56 per share for all of the common shares of Algoma. It was believed that the acquisition fits in Essar's global steel vision of having world-class low-cost assets, and that Algoma is an excellent addition to the existing steel business of Essar, thus, offering potential growth.
ACCESSION #
25229730

 

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