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Tata to Corus?

12 October 2006 By Taron Wade

It’s too risky for the Indian steelmaker to acquire its UK rival for debt. But keeping a sensible gearing ratio would require £2bn equity. That’s tricky. It requires Tata to raise heaps of cash from its investors. Unless Corus is seriously attractive, it may be hard to do so. It’s too risky for the Indian steelmaker to acquire its UK rival for debt. Keeping a sensible gearing ratio would require £2bn of equity.

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