Advisers from Deutsche Bank, ABN Amro and NM Rothschild have steered Tata Steel to victory in the takeover battle for UK steelmaker Corus. The £6.7bn (€10.1bn) deal, run as an auction by UK merger regulators, went to the wire, continuing until the early hours of this morning.

The India-based steelmaker landed the UK group over its rival, Brazil's Companhia Siderúrgica Nacional, for 608p-per-share, following a ten hour auction run by the UK mergers and acquisitions regulator, The Takeover Panel. The £6.7bn deal includes £500m of debt.