Tata-Corus to save $450 mn by tapping synergies

What's it like 6 months down the line, being an Indian company? "More grey hairs," says Jim Leng, deputy chairman of the Tata Corus combine. "Of course there are challenges. But we both know what we want to achieve in our industry, the vision is common," Mr Leng told ET.
As one of India's largest overseas takeovers shifts gear from acquisition to operating mode, on the Corus side the management is both upbeat and – cautious. In one of his first ever interactions with the media after the takeover, Philipple Varin, the French CEO of Corus and one of the key figures in Tata's $12 bn acquisition of Corus, said that the process of integration is 'step by step' and wouldn't put a time frame on it.

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