Tag: Luxembourg

ArcelorMittal extends collaboration with University

ArcelorMittal is extending its collaboration with the University of Luxembourg by sponsoring the endowed chair in steel and façade engineering at the University.

Export achievement for Castle Metals

Castle Metals UK Ltd., (Castle Metals) supplier of high performance alloys and stainless steels for major industrial applications, has exported to their 50th country this month- Luxembourg. The company began exporting products in 2002 and has enjoyed significant success in the 9 years since it began, receiving the Queens Award for Enterprise in 2009 and multiple honours from the Chamber of Commerce. Castle Metals currently exports to 45 countries in Europe, The Americas, The Middle and Far East, India and Australia.

Aperam appoints directors

ArcelorMittal, as sole shareholder of Aperam, appointed two new independent members to the Board of Directors for Aperam on 21 January 2011 in Luxembourg.

Mittal offer for Arcelor opens

Mittal Steel Co. has announced on 18 May 2006 that its offer for Arcelor has opened in Luxembourg, France and Belgium.

Luxembourg scraps takeover law amendment

Reuters has reported that Luxembourg's parliamentary finance committee agreed on 27 April 2006 to scrap a controversial amendment to Luxembourg's takeover law that could have hindered Mittal Steel's acquisition of Arcelor.

Mittal may have to improve bid

Financial analysts have opined that Mittal Steel is coming under increased pressure from fund managers and steel analysts to raise its bid for Arcelor as its effort to acquire it enters a crucial phase.

Luxembourg drops takeover law change

Luxembourg has dropped a proposed change in its takeover laws that would have helped Arcelor to fend off Mittal Steel's takeover bid.

Luxembourg not to sell Arcelor’s shares

PTI has reported that the Luxembourg Government, the largest shareholder in Arcelor on 24 March 2006 made it clear that it has no reason to sell the shares in the near future.

Mixed signals on takeover law changes

The Luxembourg government said that it is satisfied with proposed changes to the country's takeover laws that could affect Mittal Steel's bid to take over Arcelor.

Lawmakers back takeover law changes

Luxembourg's parliaments finance committee backed a change in the country's takeover rules that could threaten Mittal Steel's hostile bid for Arcelor adding a twist in the merger battle.