Tuesday, March 21, 2006

Corus, Evraz merger rumours

Reports are appearing that Corus the Anglo Dutch Steelmaker are in negotiations with Evraz who are Russia’s largest Steelmaker. Whilst no official comment has been forthcoming, the stories are widely reported. If the deal were to go ahead it would combine the World’s 8th and 12th largest Steelmakers with a production of some 32M tons.

In an unrelated report ! Billionaire Roman Abramovich is in talks to buy a stake in Evraz, The Moscow Times reported Monday. Abramovich is the billionaire owner of Chelsea Football club.

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