Tag: Dofasco
Dofasco sells stainless tube unit
Samuel ManuTech Inc. will pay USD 28.5 million for Dofasco’s stainless tube making facility in Elizabethtown, Kentucky, USA.
Arcelor Mittal to retain control of Dofasco
On 23 January a Dutch court effectively blocked moves by ThyssenKrupp to force Arcelor Mittal to sell its Canadian offshoot to the German-based group.
Arcelor Mittal possibly selling SS arm
Arcelor Mittal has entered into negotiations with investment banks, led by Goldman Sachs, to sell its stainless business, according to a London banking source.
Dofasco decision in 2 weeks
The future of Canada-based Dofasco could be settled within the next two weeks, the date when members of the company’s administrative board are due to decide whether its owner, Arcelor Mittal, can sell it or not.
Arcelor Mittal to sell Dofasco
Arcelor Mittal supervisory board head Mr LN Mittal told the Financial Times that he hopes to find a way to sell Canadian steel company Dofasco to ThyssenKrupp AG by the end of this year.
Dofasco cannot be sold
Mr Gonzalo Urquijo CFO of Arcelor said that it is legally not possible for the combined Arcelor-Mittal group to sell Canada's Dofasco as Mittal Steel wishes.
Arcelor-Mittal could shed other assets
Once the Arcelor-Mittal merger is completed, and if Arcelor executives hold enough clout in the new company, it is possible that a North American asset other than Dofasco could be sold to appease US competition regulators.
Arcelor board will decide on Dofasco’s future
Arcelor’s board of directors will decide the fate of Canadian steelmaker Dofasco, according to Mittal Steel CFO Aditya Mittal.
ThyssenKrupp expects Mittal to honour Dofasco deal
ThyssenKrupp AG said it expects Mittal Steel to honour the agreement reached in January under which the German steel maker would acquire Arcelor’s recently acquired Dofasco in the event of a successful takeover of Arcelor by Mittal Steel.
Chabanier appointed CEO of Dofasco
Mr Jacques Chabanier it to succeed Mr Don Pether as President and CEO of Dofasco, the Canadian steelmaker acquired by Arcelor in February 2006.
