Archive for December 10th, 2007
ArcelorMittal Bids for Control of Chinese Steelmaker
ArcelorMittal has entered into a "business cooperation agreement" with a Hong Kong company, China Oriental Group Co. Ltd., as well as an agreement with that company’s controlling shareholders, that the world’s largest steelmaking group says will strengthen its position in the Chinese steel market.
The investment is reported to be about $2.2 billion.
“We have [...]
Posted: December 10th, 2007 under Steel News.
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