Spanish minister concerned over Mittal`s bid

Spanish Industry Minister Mr Jose Montilla has reiterated concerns over Mittal Steel`s hostile takeover bid for Arcelor. Though Mittal Steel chief executive Mr L N Mittal insisted last week in Madrid that his takeover bid would not destroy jobs in Spain, where the steel giant employs 15000, Montilla on 8 February reiterated doubts that Economy Minister Mr Pedro Solbes has already expressed to Mittal.

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