ArcelorMittal to offer $1.7bn for stake in China Oriental

13 Dec 2007

The world’s largest steel firm, Arcelor Mittal, is planning to offer $1.7bn to buy all of the shares that it does not own in Chinese steel producer China Oriental Group.
Lakshmi Mittal, president of the group, is hungry for yet another acquisition after its mammoth Eu26.5bn takeover of ...

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