JSW could bid for Essar Steel with rival offers rejected, sources say

Indian steelmaker JSW could launch a bid for insolvent compatriot company Essar Steel after two alternative bids for the asset were rejected, sources told Metal Bulletin on Thursday March 22.

“JSW did not show interest 2-3 months ago when the bidding started, but now it is interested,” a source close to JSW said. “If the courts allow everyone to bid,...

Published

Lee Allen

March 22, 2018

14:40 GMT

London