Announcement

Wednesday, June 8, 2011

Essar to conclude Zisco deal in 2 to 3 weeks

Reuters reported that Indian conglomerate Essar expected to wrap up a USD 750 million investment in Zimbabwean steel maker Zisco within 2 to 3 weeks with first production arriving in 12 to 15 months.

The African unit of Essar Group, in November agreed to buy 54% in the Zimbabwe Iron and

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