Indian steel major Essar group, has withdrawn its bid to acquire the US-based steel company Esmark.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"We have withdrawn our bid...We will keep on looking for opportunities for global expansion," an Essar spokesperson said. </P>
</p><p class='TableClas'>Essar group, controlled by the Ruias, today withdrew its bid for acquisition of Esmark as the Russian steel giant Severstal announced a higher bid. </P>
</p><p class='TableClas'>The Russian bid is also supported by the Union. <BR></P></p><p class='TableClas'></p></table>


Essar group withdraws bid to acquire Esmark

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