Deals
Jindal Said to Raise Bid for Italian Steelmaker to €4 Billion
- Indian producer increased previous offer to outbid rival
- Proposal includes about €3 billion of investments in plant
An employee walks past packaged coils of rolled steel at a Jindal Stainless factory in Hisar, India.
Photographer: Udit Kulshrestha/BloombergFollow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Jindal Steel raised its offer for troubled Italian steelmaker Acciaierie d’Italia to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter said.