Archive for July 24th, 2006
Spies in the Steel Industry
An article in the Telegraph based on a report from “Le Monde” goes on to tell us that the French Secret Services intervened directly to try and scupper Mittal’s takeover of Arcelor. The DST (La Direction de la Survaillance du Territoire) was created to combat “espionage by alien powers”.
It is rather doubtful that Laksmi [...]
Posted: July 24th, 2006 under Steel Comment.
Comments: 2
Russia’s Severstal Gets $180M Compensation for Failed Arcelor Deal
The world’s second largest steelmaker Arcelor has paid Russian company Severstal 140 million euros (about $180 million) in compensation for a failed merger deal, Severstal said on Friday, July 21. MosNews has reported on the merger deal that was signed on May 26, but was rejected by Arcelor’s shareholders on June 30 after a [...]
Posted: July 24th, 2006 under Steel News.
Comments: none