Nearly 2,000 jobs at Anglo-Dutch steel company Corus’s plant on Teesside in north-east England were in jeopardy Tuesday night after it emerged that a deal to sell the plant to an Italian company was in danger of collapse.  Corus, owned by Tata of India, three months ago concluded an outline agreement to sell the Teesside plant for $480m to a consortium led by Mantova-based Marcegaglia. But Steno Marcegaglia, chairman and founder of the family-owned company, is rethinking the deal in light of the steel industry crisis.

This entry was posted by Gwen Robinson on Wednesday, April 29th, 2009 at 4:59 and is filed under Capital markets, M&A, People. Tagged with corus, Marcegaglia, tata. Edit this entry.