Tata to buy Anglo-Ducth Steel

India's largest private steel company, Tata Steel Ltd., is in talks to buy the Anglo-Dutch steel giant, Corus, and has valued the company between 8 to 10 billion dollars, Times of India daily said Thursday.

"Even as Tata Steel has officially denied any takeover plans, there is mounting speculation that the Tatas are in talks to acquire a majority holding in the company for anything between 8-9 billion dollars," the India daily reported.

5th October 2006