Arcelor pushes against China's bar on big steelmaker stakes

Article Abstract:

Steelmaker Arcelor Mittal will spend approximately $1.7 bil to increase its stake in China Oriental Group Co. If the deal is approved by China's regulators, Arcelor Mittal will become the second-biggest shareholder in the firm. The proposal includes sharing acquisition and merger expertise and technology.

China, Netherlands, Arcelor Mittal

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India's economic gains drive overseas expansion: financial growth and incrasing clout fuel firms like Essar

Article Abstract:

Indian firm Essar Global Ltd. has announced plans to purchase Canada's Algoma Steel Inc. for $1.58 bil, giving the steel, oil, and shipping conglomerate entry into the North American steel market.

Acquisitions & mergers, Canada, Mergers, acquisitions and divestments, Company acquisition/merger, Algoma Steel Inc., Essar Group

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Mittal to invest $8.7 billion in one or two plants in India

Article Abstract:

Mittal Steel Co. plans to invest in one or two steel plants in eastern India, according to CEO Lakshmi Mittal.

Management dynamics, Management, Company business management, Mittal, Lakshmi

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