‘Not a done deal yet’ – SSI still arranging financing for TCP bid, says spokesman

Sahaviriya Steel Industries (SSI) has not yet arranged financing for its $500 million bid for Corus’s Teesside Cast Products (TCP), a spokesman for the Thai group told MB.

Corus signed a Memorandum of Understanding (MoU) to sell TCP to SSI for approximately $500 million last week. (MB August 27). But SSI is still arranging financing for the planned...


Samantha Hodge

August 31, 2010

16:24 GMT