Mittal and Arcelor reported to be eyeing CSN

A new conflict has begun between Mittal Steel and Arcelor for buying Companhia Siderurgica Nacional, reported to be worth almost USD 10 billion. Mr Paulo Salamão, who looks after all of Arcelor’s Brazilian acquisitions, told The Business in Vitoria that both companies had held talks with CSN. He said that Arcelor has already approached Mr Steinbruch. CSN’s president Mr Benjamin Steinbruch holds 47% of the company.

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