Friday, April 11, 2008

Tata makes hostile offer to acquire Brazilian ore miner AVG

Tata makes hostile offer to acquire Brazilian ore miner AVG






New Delhi, Apr 11 (PTI)

After a spectacular takeover of Corus, Tata Steel has made a hostile offer to acquire Brazilian iron ore miner AVG, which is owned by global mineral giant MMX.

The Steel Business Briefing (SBB) quoted a MMX President Eike Batista as saying that the domestic steel giant has made the offer.

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