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ArcelorMittal was created by the takeover of Western European steel maker Arcelor (Spain, France, and Luxembourg) by Indian-owned multinational steel maker Mittal Steel in 2006, at a cost of €40.37 per share, approximately $33 billion total.
Mittal Steel Company N.V. was a European company headquartered in the United Kingdom and incorporated in the Netherlands, and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal .
The company was the target of a hostile takeover bid by its rival Mittal Steel on 27 January 2006. [1] However, the bid resulted in substantial increase in Arcelor's share value. Two members of the board of Arcelor, Guillermo Ulacia and Jacques Chabanier also resigned suddenly. [ 2 ]
ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring decision to wind down its Longs Business, having significant consequences ...
Kazakhstan confirmed the nationalization of ArcelorMittal Temirtau which operates the country’s largest steel plants and several coal and ore mines following a coal mine fire that killed on ...
ArcelorMittal (NYS: MT) carries $15 billion of goodwill and other intangibles on its balance sheet. ... Goodwill is simply the difference between the price paid for a company during an acquisition ...
He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, [9] as well as chairman of stainless steel manufacturer Aperam. [10] Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers. [11]
(Reuters) -Three miners have died in a fire at an ArcelorMittal coal mine in Kazakhstan, the company said on Friday. Efforts to contain the fire, which broke out on Thursday, and to restore normal ...