Russia's VTB-led consortium open to buying out Ruia in Essar Steel race

Russia's VTB-led consortium open to buying out Ruia in Essar Steel race

Photo: Bloomberg

A consortium led by VTB Group, Russia’s second-largest bank, said it’s willing to buy out a local partner to ensure its offer for an indebted Indian steel mill meets government rules, setting up a contest with billionaire Lakshmi Mittal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter