Tata Steel Completes £6.2 Billion Acquisition of Corus

Tata Steel Ltd. announced that it has completed the £6.2 billion acquisition of Corus Group plc at a price of 608 pence per ordinary share in cash. The enlarged company will have a crude steel production of 27 million tonnes in 2007 and will be the world’s fifth largest steel producer with 84,000 employees across four continents. Corus' top management will continue with the enlarged Group.

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