India: ArcelorMittal, Russia's VTB-led consortium said to vie for Essar Steel

India: ArcelorMittal, Russia's VTB-led consortium said to vie for Essar Steel

Photo: Bloomberg

ArcelorMittal is competing with a consortium led by Russia’s VTB Group as bids come in for Essar Steel India Ltd., the largest distressed steelmaker being sold under the country’s insolvency process, people with knowledge of the matter said.

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