26 Dessember 2007
ArcelofMittal turns to Austria, Uruguay

BRUSSELS: ArcelorMittal on Monday announced the acquisition of Cinter SA, a stainless steel tube producer in Uruguay, and Eisen Wagner GmbH, an Austrian steel distribution company.

The world's largest steel company said the acquisitions would strengthen its position in South America and Central Europe.

Luxembourgbased ArcelorMittal said it had signed a share purchase agreement to acquire 100 percent of shares in the Austrian company.

ArcelorMittal said Cinter enjoys a strong position in stainless steel tubes with net sales for the year up to September of US$47 million. It said both deals were subject to regulatory approval.

Source : The Jakarta Post, Page : 9 

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