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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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PHILIPPINE NATIONAL BANK AND CREDIT AGRICOLE

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                    [ArticleID] => 231169
                    [Title] => Indian firm ups offer for Nat’l Steel to P12.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company. 


As negotiations intensified between GIHLI and NSC’s creditors, the Indian company poured more sweeteners into its offer and increased its original purchase price  to P12.250 billion from P11.905 billion. 


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Indian firm ups offer for Nat’l Steel to P12.25-B

By Des Ferriols | December 11, 2003 - 12:00am

Global Infrastructure Holdings Ltd. Inc. (GIHLI) increased its original purchase price for the National Steel Corp. (NSC) by P355 million and agreed to pay P1 billion up front for the debt-saddled steel company....

Business