After LN Mittal acquiring Arcenol, India has again made a mark in steel industry.
This time it is Tata's who have acquired Brasilian steel maker Corus only to become 5th largest steel maker in the world.
The bidding which went through 9 rounds saw Tatas taking off Corus from CSN at 608 pence per share. Analyst like Stan Chart have real positive view for Tatas and same is there from other analyst firms too.
The only thing is to watch for the global demand for commodities. The sudden down trends in that can spoil Tatas party. China market has huge demand due to growing economy and has major consumption.
This deal however is pursued by Tata to tap growing european market.
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1 comment:
hey!
but wot do u think about corporate ppal who think that the bid was overprised?
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