Mr Vladimir Lisin chairman of NLMK is interested in buying a stake in Arcelor and met Luxembourg Economy Minister Mr Jeannot Krecke to discuss it. Mr Krecke told Luxembourg daily Tageblatt that the Russian may want to buy into Arcelor. Mr Krecke, who is leading a Luxembourg business delegation in Russia, confirmed to Reuters that he had met with Mr Lisin without giving details. According to a previous Russian media report, Mr Lisin is considering buying a 15% stake in Arcelor, which could possibly hinder Mittal Steel’s bid.
