Tag: Bankruptcy
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Essar Steel’s Lenders Choose Arcelor Mittal as Highest Bidder Leaving behind Numetal and Vedanta in the Race
According to the latest update in Essar Steel’s long-standing bankruptcy case, company’s Committee of Creditors (CoC) has chosen Arcelor Mittal (AM) as the preferred bidder for the insolvent asset ahead of its key competitor Numetal and other contender Vedanta Group. However, the final bid price will be negotiated over the weeks to come. This comes…