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ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel . [ 3 ]
In June 2017, Arcelor Mittal became the chief shareholder. [2] In 2020, the company returned to commissioners' management and ownership of the Italian state. On 23 April 2021, capital was infused by the government of Mario Draghi, which took a 38% share and 50% of the voting rights. [3]
A look at the shareholders of ArcelorMittal (AMS:MT) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares ...
ArcelorMittal also provided steel for the construction of the ArcelorMittal Orbit for the 2012 Summer Olympics. [44] For Comic Relief he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice. [citation needed] Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and ...
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Québec Cartier Mining Company was one of the leading producers of iron ore products in North America, now part of ArcelorMittal. The company was founded in the late 1950s by multiple Canadian and American investors, based in Quebec, Canada. The first open pit mine was located in Lac-Jeanine, Quebec.
However, a report by Syndex commissioned by trade unions contradicted the claims of un-competitiveness, claiming ArcelorMittal's reports had used biased accounting. Union officials called for the liégeois steel industry to be taken into ownership outside ArcellorMittal to protect it.
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