Tata Steel steals NatSteel's steel

The Tata Iron & Steel Company (Tata Steel) has agreed to buy NatSteel''s Asian steel business for around S$466 million ($283 million).
August 16, 2004

India's foremost steel company Tata Steel has announced plans to buy NatSteel's Asian steel business from the Singaporean company. Under the terms of the deal, the steel business will be transferred to a company called NatSteel Asia, the equity of which will then be sold to Tata Steel.

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