No place like home

News that Roman Abramovich may take a 40% stake in London-listed Russian steel company Evraz has set tongues wagging that this may move lead to a tie-up with Corus, the Anglo-Dutch steel group. But this looks wide of the mark, at least for now. Abramovich’s past role in consolidating Russian industries seems to provide a better clue to his ambitions. He proved a master in profitably slamming together companies in the aluminium and oil industries. The most likely reason for any involvement in ste...