September 10, 2018 / 11:38 AM / 2 months ago

ArcelorMittal ups bid for Essar Steel

MUMBAI, Sept 10 (Reuters) - Steel giant ArcelorMittal SA has raised its bid for India's debt-laden Essar Steel in competition with Russia's VTB and Vedanta Resources .

"The financial terms of the proposal are confidential, but represent a material increase to the previous offers made by the company," ArcelorMittal said in a statement. (Reporting by Promit Mukherjee Editing by David Goodman)

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