Pounds 400m Site Deal Closes In

Summary


THE pounds 400m deal to buy the Corus plant on Teesside has moved a crucial step closer as potential buyers SSI start to gather together the money they need.

The Thai steel giant has told investors it will raise about pounds 127m in a rights issue - where SSI will offer new shares to its own shareholders at an attractive rate - to help finance its purchase of the 3,000-acre site in Redcar.

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Extract


Pounds 400m Site Deal Closes In

The move is the next ...

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