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the_380 Member
Joined: 19 Dec 2006 Posts: 2329 Location: Mumbai, India
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Posted: Wed Dec 20, 2006 9:06 pm Post subject: Steel giant Arcelor Mittal intend to buy Mexican producer |
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PARIS (AFP) - Arcelor Mittal, the world's leading steel maker, has signalled its intention to pursue global steel sector consolidation, as it announced plans to acquire a Mexican producer and was reported to be interested in a Russian company as well.
Arcelor Mittal, formed five months ago in the merger of Mittal Steel and European producer Arcelor, said Wednesday it would buy Mexican long steel manufacturer Sicartsa for 1.44 billion dollars (1.1 billion euros).
The company also announced the creation of a joint venture with the parent company of Sicartsa, Grupo Villacero, for the distribution and sale of its products in Mexico and the US southwest.
Mittal's hungry
This man's on the run again. Maybe he'll build a steel empire where in all steel cos will either be mittal's or have mittal holding shares in them _________________ http://www.myspace.com/avsatsworld
A Walt Disney and 20th Century Fox Audio Producer!!! |
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AKLDELNonstop Member
Joined: 19 Dec 2006 Posts: 1066 Location: Auckland
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Posted: Thu Dec 21, 2006 5:01 am Post subject: |
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Why doesnt he buy CSN and do Tata a favour _________________ Geniuses are always misunderstood in their lifetimes. |
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the_380 Member
Joined: 19 Dec 2006 Posts: 2329 Location: Mumbai, India
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Posted: Thu Dec 21, 2006 1:36 pm Post subject: |
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AKLDELNonstop wrote: | Why doesnt he buy CSN and do Tata a favour |
If im not wrong Mittal has been interested from a long time to buy SAIL.
Also i liked one of his statements in which he said:"whenever the govt decides to sell SAIL we are always there for them"
Sorry but whats CSN? _________________ http://www.myspace.com/avsatsworld
A Walt Disney and 20th Century Fox Audio Producer!!! |
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AKLDELNonstop Member
Joined: 19 Dec 2006 Posts: 1066 Location: Auckland
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Posted: Thu Dec 21, 2006 1:40 pm Post subject: |
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I think GoI is not letting him buy SAIL.
CSN is a Brazilian company that has put a rival offer to counter Tata's bid for Corus. Corus is an Anglo-Dutch Steel Company that Tata wants to buy.
Cheers _________________ Geniuses are always misunderstood in their lifetimes. |
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aarbee Member
Joined: 19 Dec 2006 Posts: 328 Location: WAS/AMD
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Posted: Thu Dec 21, 2006 10:20 pm Post subject: |
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AKLDELNonstop wrote: | I think GoI is not letting him buy SAIL.
CSN is a Brazilian company that has put a rival offer to counter Tata's bid for Corus. Corus is an Anglo-Dutch Steel Company that Tata wants to buy.
Cheers |
Tata's bid for Chorus was the biggest thing going around the news in OCT-NOV time. CSN has upped the ante. |
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AKLDELNonstop Member
Joined: 19 Dec 2006 Posts: 1066 Location: Auckland
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Posted: Fri Dec 22, 2006 7:26 am Post subject: |
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aarbee wrote: |
Tata's bid for Chorus was the biggest thing going around the news in OCT-NOV time. CSN has upped the ante. |
If successful it will be the biggest acquisition by an Indian firm ever. So a lot is at stake in this merger. _________________ Geniuses are always misunderstood in their lifetimes. |
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