The Italian-based Lucchini will also participate in the merger operation between Arcelor and Severstal which will lead to the creation of the largest worldwide steel group. Mr Giuseppe Lucchini president of the group said “It is a very important operation in which we have been participants. We have shared the strategic and industrial plan from the beginning. We will bring in the Lucchini shares and we will make up 32% or 33% or 34% which will be the figure of the reference shareholders.” The Lucchini group is controlled by the Severstal who hold about 70% stake.
