Mittal to resume Europe tour to push Arcelor offer

It is reported that Mr LN Mittal will meet the Belgian prime minister and the head of the regional French speaking Walloon government to discuss his USD 24 billion proposed offer for the Luxembourg steel group on 6 February 2006. "The strategy of Mr Mittal is to explain that his company is ready to honour the social commitments of Arcelor. Therefore, he will meet a lot of people involved in the political and economic life of the countries involved," the Mittal Steel spokeswoman said. Mittal Steel will submit its offer for Arcelor to Belgian and Spanish regulators this week and resume his tour of European capitals to drum up support. "In the next few days, the offer will be officially submitted to the Belgian regulator and to the Spanish regulator," a spokeswoman for Mittal Steel told Reuters on 5 February 2006. Mittal Steel has already submitted the details of his proposed offer to the Luxembourg regulator, she added.

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