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INDIA'S JSW STEEL AQCUIRES UK-BASED STEEL PLANT FOR US$7.4 MLN.

AsiaPulse News

| May 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, May 1 Asia Pulse - JSW Steel Limited (BSE:500228) on Monday announced the acquisition of UK-based Argent Independent Steel Limited at an enterprise value of 3.7 million Pounds (US$7.4 million).

"JSW Steel Ltd, through its wholly owned subsidiary JSW Steel (UK) Ltd has entered into a share purchase agreement to acquire 100 per cent stake in Argent Independent Steel (Holdings) Ltd, UK, which in turn owns all the shares ...

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