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India's Tata Steel says it is considering a bid for steelmaker Corus

India's Tata Steel says it is considering a bid for steelmaker Corus

India's Tata Steel said Thursday it is considering a possible bid for steelmaker Corus Group PLC among other possible acquisitions.
In a statement to the London Stock Exchange, Tata Steel noted speculation in the media about Corus.
"Given recent industry consolidation, Tata Steel is reviewing a number of global opportunities. In this context, Tata Steel is evaluating various opportunities including Corus. However, there can be no certainty that an approach will be made and, if made, that it will result in an offer for Corus," the company said.
Tata Steel is based in Mumbai, India.
Shares in Corus, the Anglo-Dutch steelmaker, were up 11.7 percent at 453 pence (euro6.72 US$8.54) on the London Stock Exchange.


Updated : 2021-04-11 20:36 GMT+08:00