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Topic: Mittal

In the News (Fri 24 May 13)

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	Mittal’s Bosnia deal signals confidence [EBRD - Story]
		Mittal was also impressed with the never-say-die attitude of the mill’s managers, many of whom are being kept on by the new owner.
		EBRD is helping Mittal BiH achieve energy savings of 1.4 million gigajoules per year – roughly equal to the energy consumed by 70,000 BiH households.
		One of the mill’s advantages is its proximity to local supplies of iron ore in Mittal’s newly-acquired mines in the Republika Srpska side of BiH.
	www.ebrd.com /new/stories/2006/060111.htm (856 words)

	Mittal set to snatch Arcelor from Russians - Times Online
		LAKSHMI MITTAL, Britain’s richest man, was this weekend close to landing a telling blow in his battle for the Arcelor steel group by winning the backing of its directors for a controversial £18 billion takeover.
		Mittal, chief executive of Mittal Steel, was yesterday locked in private talks with Arcelor’s chairman, Joseph Kinsch, ahead of an Arcelor board meeting today.
		Mittal and Kinsch could be co-chairmen of the combined group, with Dollé as chief executive, or Dollé could leave, with Mittal taking the top executive job.
	www.timesonline.co.uk /article/0,,2095-2241821,00.html (1047 words)

	Mittal Steel -- Ohio Citizen Action
		Mittal Steel's press release did not mention that its major contribution to the community is that the company polluted 3.1 million pounds more into Cleveland's air in 2006 than it did in 2005.
		Mittal for a seat in the House of Lords.
		Among the key methods in Mittal Steel’s 'playbook,' according to the audit, is simply not to measure pollution from its blast furnaces -- the facility’s biggest sources of fine and coarse particle pollution, sulfur dioxide, carbon monoxide, volatile organic compounds, and organic chemicals.
	www.ohiocitizen.org /campaigns/isg/isg.html (6258 words)

	MİLLİYET İNTERNET - EKONOMİ
		Dünyanın en büyük çelik şirketi Mittal Steel'in geçen cuma Arcelor'a yaptığı 22.5 milyar dolarlık teklif Avrupa'yı ayağa kaldırdı.
		Mittal Başkanı Lakshmi Mittal ise, düzenlediği basın toplantısında, bu hafta içinde AB'nin rekabetten sorumlu üyesi Neelie Kroes ve Arcelor'un tüm hissedarlarıyla bulaşacaklarını kaydetti.Kaygıları gidermek isteyen Mittal Arcelor'un sosyal sorumluluklarına saygı göstereceğini belirtti.
		Mittal cuma günü dünyanın ilk 100 milyon tonun üzerinde çelik üretimini oluşturacak ve piyasa değeri 40 milyar doları bulacak çelik üreticisi olmak için satın alma teklifini sunmuştu.
	www.milliyet.com.tr /2006/01/31/ekonomi/eko02.html (327 words)

	Mittal Steel may sell Weirton mill to Esmark (Site not responding. Last check: )
		Mittal Steel Co. said Thursday it is in negotiations to sell parts of its Weirton operations to Illinois-based Esmark Inc., the rapidly growing steel supplier that seized control of nearby Wheeling-Pittsburgh Corp. last fall.
		Mittal spokesman Dave Allen would not say what assets in Weirton, across the Ohio River from Steubenville, Ohio, are being discussed, but he said a nonbinding memorandum of understanding had been signed.
		Mittal has publicly said it would prefer to dispose of Weirton to resolve the antitrust concerns and has said there are least 10 potential buyers.
	www.siliconvalley.com /mld/ohio/business/16495736.htm?template=contentModules/printstory.jsp (702 words)

	Lakshmi Mittal's $19 Billion Year - Forbes.com (Site not responding. Last check: )
		As a result, Mittal's revenue in 2005 is expected to rise 45% to $32 billion.
		Mittal has said he will have to cut 45,000 jobs by 2010 to keep the group profitable.
		Mittal and his family own 97% of the company, which would give them a $260 million payout, one of the largest dividends ever paid to a family-run business.
	www.forbes.com /billionaires/2005/03/10/cx_pm_0310mittal_bill05.html (968 words)

	BBC NEWS \| Business \| Profile: Lakshmi Mittal (Site not responding. Last check: )
		Mr Mittal's son, Aditya, told the BBC's Profile that one of the reasons Rajasthan had successful entrepreneurs was that there was very little there in the first place, forcing them to look elsewhere for business opportunities and spurring them on to succeed.
		Merging Mittal with Arcelor will enable Mr Mittal to further dominate a global industry that is currently booming, thanks in the main to fast-growing China's massive demand for steel.
		Both the Mr Mittal and the Labour Party denied that it was connected with a letter that Prime Minister Tony Blair wrote a few weeks later, supporting the steel magnate in a deal to buy a state-owned Romanian steel firm.
	news.bbc.co.uk /2/hi/business/5142202.stm (765 words)

	Arcelor-Mittal, nouveau géant de l'acier mondial -
		Mittal Steel lance enfin son offre publique d'achat hostile sur Arcelor (17/05/06)
		Lakshmi Mittal : «Pourquoi je veux acheter Arcelor» (30/01/06)
		Mittal ferait perdre 1,3 milliard aux actionnaires d'Arcelor (07/03/06)
	www.lesechos.fr /info/rew_industrie/200070891.htm (1091 words)

	TIME Magazine \| 60 Years of Asian Heroes: Lakshmi Mittal
		Mittal, 56, paid $128 million for the 6,400-square-meter, 12-bedroom mansion, a world-record sales price for a house at the time.
		Overnight, the publicity transformed Mittal from little-known industrialist to a symbol of India's emergence as a global economic power.
		Yet what really cements Mittal's status as the point man for India Inc. and as a hero to his countrymen isn't how he spends his money—but how he makes it.
	www.time.com /time/asia/2006/heroes/bl_mittal.html (387 words)

	USATODAY.com - Arcelor accepts improved Mittal takeover bid (Site not responding. Last check: )
		Mittal Steel founder Lakshmi Mittal, the world's third-richest man, will be president, and Arcelor's Kinsch chairman until he retires next year.
		The revised Mittal bid valued the European steelmaker at $50.55 a share, a source familiar with the deal said.
		Mittal's board convened in London to ratify the new terms.
	www.usatoday.com /money/industries/manufacturing/2006-06-25-arcelor-mittal_x.htm (742 words)

	[No title]
		Daarmee waardeert Mittal zijn branchegenoot op EUR 18,6 miljard.
		Mittal Steel is dan ook van zins om Dofasco, na de overname van Arcelor door te verkopen aan het Duitse Thyssenkrupp.
		Mittal is nu de grootste staalproducent ter wereld en Arcelor is de tweede.
	www.nieuwsblad.be /Article/Detail.aspx?ArticleID=BE398C1DCC9C77 (341 words)

	Radikal-çevrimiçi / Ekonomi / Mittal'in teklifine Arcelor'dan 'hayır'
		Sektörde dünyanın en büyüğü olan Mittal cuma günü sektörün ikinci büyük şirketi Arcelor'u satın almak için resen, 18,6 milyar avroluk (yaklaşık 23 milyar dolarlık) teklifte bulunmuştu.
		Bu arada Lakshmi Mittal, bu konudaki kaygıları gidermek amacıyla dün Fransa Maliye Bakanı Thierry Breton ile bir araya geldi.
		Breton, Mittal ile görüşmesinden önce yaptığı açıklamada, hükümetin 'bu teklifle ilgili büyük çekinceleri' olduğunu belirtti.
	www.radikal.com.tr /haber.php?haberno=177190 (499 words)

	Mittal/Arcelor: Lazard divise les Belges - Lalibre.be
		C'est ce lundi que les autorités belges devront prendre position dans le dossier de l'OPA hostile de Mittal sur Arcelor.
		D'ailleurs, tout en relevant le succès de la stratégie d'Arcelor, ils n'en accordent pas moins une bonne cote à celle de Mittal dont la grande présence sur les marchés émergents est à leurs yeux un élément qui plaide en leur faveur.
		Mais à y voir de près, la Flandre gagnerait largement si l'offre de Mittal aboutit au regard de ses promesses au profit notamment de Gand (centrale électrique et nouvelle ligne de galvanisation chez Sidmar, etc.) et de Genk (renforcement d'ALZ, transfert du laminoir à froid de Dudelange, etc).
	www.lalibre.be /article.phtml?id=3&subid=85&art_id=286095 (618 words)

	#5 Lakshmi Mittal - Forbes.com (Site not responding. Last check: )
		Mittal owns 44% of combined $80 billion (sales) Arcelor-Mittal and is its chief executive.
		Mittal began his career working in the family's steelmaking business in India.
		Not content to dominate the steel industry, Mittal is branching out.
	www.forbes.com /lists/2007/10/07billionaires_Lakshmi-Mittal_R0YG.html (163 words)

	Mittal Builders \| Commerical Properties India \| Commercial Development India \| Real Estate India
		Its buildings – Mittal Tower, Mittal Court, Bajaj Bhavan, Mittal Chambers – in Nariman Point, the Manhattan of Mumbai, have become famous landmarks.
		The 12-storey commercial complex is located in Mumbai’s western suburb of Andheri (E), close to Mittal Industrial Estate and the Sahar International Airport.
		Mittal Builders have spared no effort to provide top-of-the-line amenities to discerning buyers.
	www.mittal.com /ongoingprojects/commercia.html (277 words)

	Is India's Pride in Mittal Misplaced?
		Lakshmi Niwas Mittal made his fortune outside of his native India, but that hasn't stopped his compatriots from hailing the chairman and chief executive of Rotterdam-based Mittal Steel (MT) as something of a national hero.
		Mittal's triumph in the $33.6 billion takeover has stoked Indian national pride in a big way, even though he paid a steep price—in terms of both money and managerial control—to close the deal.
		Mittal Steel, which post-merger will be known as Arcelor-Mittal, is starting to take notice of India's growth potential as well.
	www.businessweek.com /globalbiz/content/jun2006/gb20060628_070670.htm (1061 words)

	Mittal plant sale seen drawing big bidders: WSJ \| Reuters
		Kazakh Mittal Steel unit plans higher 2007 output
		NEW YORK (Reuters) - Mittal Steel (MT.N: Quote, Profile, Research), ordered by the U.S. Justice Department to sell a plant in Maryland, is expected to draw bids for the facility from big companies in China, Russia and India, the Wall Street Journal reported on Wednesday.
		The German steelmaker had hoped the U.S. Justice Department would require Mittal to divest Dofasco -- a specialist in high-quality carbon flat steel -- to address competition concerns.
	www.reuters.com /article/ousiv/idUSL2146090920070221 (550 words)

	Mittal shows new brand of Indian entrepreneurship - Deccan Herald - Internet Edition (Site not responding. Last check: )
		With India fast emerging as one of the fastest growing economies of the world a new generation of ‘braveheart’ Indian entrepreneurs are galloping at breath-taking speed to conquer the world at large.
		The $ 23 billion offer of Indian billionaire L N Mittal of Mittal Steel —world’s largest steel maker — to take over Arcelor, described as the world’s second largest steel manufacturer, has created such a furore in Europe that one is aghast at closed-door mindset to India’s emerging entrepreneurial talent.
		This new brand of Indian entrepreneurship as symboilsed by Mittal, has no doubt, posed an acid test for European countries to accept the unstoppable march of Indian entrepreneurial talent to conquer the rest of the world.
	www.deccanherald.com /deccanherald/feb262006/sundayherald1256552006224.asp (475 words)

	Will Steel Become Mittal?
		The same feeling was reciprocated by his country when Mittal was successful in his bid to purchase the European steel giant Arcelor.
		With this acquisition, Mittal becomes the king of steel: three times as big as his nearest rival is. Not bad at all for a fifty-six-year old, who was born in a village that had no electricity until 1960.
		For Mittal, this is not the time to worry about such nitty-gritties.
	www.arabnews.com /?page=6§ion=0&article=85477&d=17&m=7&y=2006&pix=business.jpg&category=Business (824 words)

	IndustryWeek : Steel Group Arcelor Mittal Victim Of Dofasco 'Poison Pill'
		The deal had been agreed between Mittal and ThyssenKrupp earlier this year when Mittal was battling to take over its smaller rival Arcelor.
		"Arcelor Mittal has been informed that the directors of the Strategic Steel Stichting, the Dutch foundation that holds the shares of Dofasco, decided on November 10 not to dissolve the foundation, which would have permitted the sale," Arcelor Mittal said.
		Approval of the merger of Arcelor and Mittal Steel, which created by far the biggest steel producer of the world, was given by the U.S. Department of Justice on condition that the group divested Dofasco or activities of a similar size to avoid creating a dominant position in the U.S. market.
	www.industryweek.com /ReadArticle.aspx?ArticleID=13057 (547 words)

	FOXNews.com - Arcelor, Mittal Buy Mexico's Sicartsa - Business And Money \| Business News \| Financial News
		BRUSSELS, Belgium Arcelor and Mittal, which are in the process of combining to form the world's biggest steelmaker, announced Wednesday they have bought Mexico's Sicartsa from Grupo Villacero for $1.44 billion.
		Mittal Steel Co. NV is in the process of completing its $33.4 billion acquisition of Arcelor SA.
		Besides the acquisition of Sicartsa, Arcelor Mittal also entered a 50-50 joint venture with Grupo Villacero to distribute and trade its long steel products in Mexico and the southwest of the United States.
	www.foxnews.com /wires/2006Dec20/0,4670,MittalSicartsa,00.html (420 words)

	Lakshmi Mittal, The World's Richest People - Forbes.com (Site not responding. Last check: )
		An early year double-digit drop in US and European steel prices and fourth-quarter increased spending on coal and iron ore and lower prices helped lead to a 28% drop in 2005 profits to $3.4 billion.
		On Jan 27, Mittal made a $23.7 billion hostile bid for largest rival, Luxembourg-based Arcelor, in an effort to spark more world steel consolidation and enable Mittal Steel to sell higher grade steel to company's like Ford Motor.
		Arcelor employing numerous techniques to either fend it off or get a higher price: bought a large stake in a Chinese steel company; enlisted the French government to take up its cause; Luxembourg (the biggest shareholder) introduced a new takeover law; and Arcelor doubled its dividend.
	www.forbes.com /lists/2006/10/R0YG.html (220 words)

	Mittal und Arcelor fusionieren (Site not responding. Last check: )
		Mittal musste dabei erhebliche Zugeständnisse an Arcelor machen.
		Wie es in Konzernkreisen heißt, hat Mittal in der Endphase der Verhandlungen extreme Zugeständnisse“ gemacht.
		Lakshmi Mittal übernimmt bei Arcelor Mittal das Ruder
	www.handelsblatt.com /news/Unternehmen/Industrie/_pv/grid_id/1180741/_p/200038/_t/ft/_b/1098555/default.aspx/mittal-und-arcelor-fusionieren.html (407 words)

	The Indian steel tycoon who's taking over the world. - By Daniel Gross - Slate Magazine
		In 2004, Lakshmi Mittal, the acquisitive Indian steel baron, dished out $128 million for a residence in London.
		And nobody squawked when Mittal bought International Steel Group, which had been cobbled together from a bunch of bankrupt steel companies.
		One of the objections raised by Europeans against Mittal is that he has elevated his son Aditya—an arrogant, 30-year-old Wharton graduate—as the heir apparent.
	www.slate.com /id/2136063 (955 words)

	nrc.nl - ANP-nieuws-Economie - Brussel akkoord met overname Arcelor door Mittal
		BRUSSEL (ANP) - Staalconcern Mittal, officieel een Nederlands maar in feite een Brits/Indisch bedrijf, is een stapje dichter bij de overname van branchegenoot Arcelor uit Luxemburg.
		De markten die Arcelor en Mittal bedienen, zowel qua type producten als geografisch, overlappen elkaar vrijwel niet.
		Alleen bij bepaalde zware staalproducten is er enige overlap, maar Mittal heeft al aangeboden daar iets aan te doen.
	www.nrc.nl /anp/economie/article339058.ece (188 words)

	India Seeks to Allay Diplomatic Fears Over Mittal Steel Bid
		Netherlands-based Mittal made the offer for Luxembourg-based Arcelor last month, stirring an outcry there and in France amid fears the takeover would threaten tens of thousands of jobs.
		Luxembourg has said it is considering legislation to allow the boards of companies to decide on takeovers without referral to shareholders which could possibly thwart the bid.
		Meanwhile, a senior EU official expressed concern about racism charges over Mittal Steel’s bid for Arcelor, which would create a steel company with an output three times bigger than its three nearest rivals combined.
	www.arabnews.com /?page=6§ion=0&article=77865&d=15&m=2&y=2006&pix=business.jpg&category=Business (409 words)

	OFFOFFOFF film review FLAVORS movie by Krishna D.K., Raj Nidimoru with Reef Karim, Anjaan Srivastav, Bharati Achrekar, ...
		The film starts with the scene of a cell-phone call interrupting a wedding just at the part where the priest says, "If anyone knows of a reason...," and in this upwardly mobile, plugged-in crowd the phone could be anybody's.
		The handsome Kartik, who does nothing to hide his long-distance crush on Rachna, knows he isn't going to get a chance with her, so he tries to be kinda sorta supportive of this arranged matchup.
		Meanwhile, many of the best scenes belong to veteran Indian TV actors Anjaan Srivastav (seen in "Mississippi Masala") and Bharati Achrekar as the parents of Rad (Anupam Mittal), a stylish young transplant who's the groom in the upcoming wedding.
	www.offoffoff.com /film/2004/flavors.php (657 words)

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