Tuesday, June 12, 2007

Deadline for Arcelor's China buy extended again

(Reuters) - "At present we are gradually implementing provisions of the
deal in accordance with the requests of the relevant national
authorities," it said, without elaborating.




Arcelor agreed in February 2006, when it was in the process
of merging with Mittal to form the world's largest steelmaker,
to buy 38.41 percent of Laiwu, China's eighth-biggest steel
firm, in a deal valued by Chinese sources at about $260 million.


Read more at Reuters.com Mergers News

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