Tata Steel claims to purchase Essar Steel

The Indian company Tata Steel is interested in buying one of the largest steel plants in the country - Essar Steel. Essar Steel at the moment has declared itself bankrupt, and its management is engaged in consulting the two companies Alvares and Marsal. Several more companies are claiming its ownership, except for Tata Steel, but temporary manager of Essar Steel is already considering potential buyers and asked to provide a plan for resolving the company's financial problems until February 2018.

Over the past few days, the company's shares have increased by 3.4% and will continue to grow. The trade will be available during the European session, from 04:00 to 10:00 (GMT).

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