Tag: Mittal

Aditya Mittal president of ArcelorMittal

Aditya Mittal president of ArcelorMittal

ArcelorMittal has announced that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities.

Lakshmi N. Mittal receives honorary doctorate

Lakshmi N. Mittal, chairman and CEO of ArcelorMittal, was today awarded with a Doctor Honoris Causa by the AGH University of Science and Technology in Krakow, Poland. The honorary degree is the university’s recognition of Mr Mittal’s contribution to the development of both the Polish and global steel industry.

Arcelor’s shareholders will control Arcelor-Mittal

AFX has quoted a spokesman of Arcelor as saying that the control of Arcelor will not change once its merger with Mittal is completed.

Mittal’s revised offer approved

Market regulators in Belgium and Luxembourg announced that they have approved Mittal Steel's revised EUR 23.5 billion offer for Arcelor.

Merger stops Dofasco going to ThyssenKrupp

Arcelor's plan to purchase Severstal would keep ThyssenKrupp from buying one of Arcelor's units Canadian Dofasco Inc. as planned by Mittal Steel and leave it with only smaller targets for an acquisition as the steel industry consolidates.

Mittal offer for Arcelor expected in mid May

Mr Wilbur Ross told to expect a formal offer from Mittal for rival Arcelor around mid-May.

Mittal says Chinese steel output set to slow down

Mr LN Mittal CEO of Mittal Steel during a recent interview said that soaring Chinese steel production will slow as rising raw material prices ify the country's labour cost advantage.

Mittal hopes to close Arcelor buy in Q2

It has been reported in a Belgian newspaper that Mr LN Mittal said he hoped to close Mittal Steel’s purchase of Arcelor "well before" the end of the second quarter.

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.

UK lends support to Mittal Steel

After a statement from Indian minister Mr Kamal Nath, British trade and industry secretary Mr Alan Johnson also attacked French protectionism as the political fight over Mittal’s bid intensified.