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Krosaki Harima Buys 51 % Stake in Tata Refractories

The deal, which values Tata Refractories at USD 257 million, will reduce Tata Steel’s stake in the refractory company to 26,46 % from 77,46 %. Tata Steel said the deal with the Japanese refractory manufacturer would help Tata Refractories access better technology and expand its product offerings (06/2011).


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