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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 .
Lakshmi Mittal (owner of Mittal Steel) is the executive chairman. His family owns 40% of the shares and voting shares in the company. [57] After a $3 billion rights issue earlier in April 2016, the company by 21 April 2016 had a share value of 16,616 million euros, distributed in 3,065,710,869 shares. [58]
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]
In 2005, ISG was acquired by Mittal Steel, which merged with Arcelor to become ArcelorMittal in 2006. The Luxembourg based ArcelorMittal is an integrated steel and mining multinational corporation , and is the world's largest steel producer as of 2014 [update] .
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(ArcelorMittal, formed in 2006 from the merger of European company Arcelor and Indian steelmaker Mittal Steel, is the world’s second largest producer.) Nippon Steel is paying a hefty premium for ...
Inland Steel Company (acquired by Ispat International became Mittal, now ArcelorMittal) International Steel Group (merged with Mittal, now ArcelorMittal) Jones and Laughlin Steel Company (acquired by Ling-Temco-Vought, renamed LTV Steel, acquired by ISG) Koninklijke Hoogovens (merged with British Steel (UK) in 1999 to form Corus, now Tata Steel)
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 ]