Business in Romania blog
The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.



Monday, December 20, 2004
Business in Romania blog
Privately-owned Dutch steelmaker Ispat International, headed by billionaire Lakshmi Mittal, completed its acquisition of LNM Holdingse, which controls Sidex.

The company, which will trade on the New York Stock Exchange and Euronext's Amsterdam stock exchange under the ticker symbol "MT", said that following the completion of the transaction its name was officially changed to Mittal Steel Company.

The new industry leader will outstrip current global No. 1 Arcelor in terms of output.
Steel magnate Lakshmi Mittal announced in October that he had agreed to buy International Steel Group (ISG) for $4.5 billion and merge it with his other assets.

Ispat operates in six countries in Europe and North America, has annual raw steel production capacity of over 18 million tons and expects to have $8.3 billion in revenue this year. Ispat shares have more than tripled over the course of the year, mostly following news of the merger.


Posted by Iulia Rasoiu : 12/20/2004 09:53:00 am Ispat completes LNM buy and changes name to Mittal
Business in Romania blog
Business in Romania blog


Business Archives

06/01/2004 - 07/01/2004
08/01/2004 - 09/01/2004
09/01/2004 - 10/01/2004
10/01/2004 - 11/01/2004
11/01/2004 - 12/01/2004
12/01/2004 - 01/01/2005
01/01/2005 - 02/01/2005
02/01/2005 - 03/01/2005
03/01/2005 - 04/01/2005
04/01/2005 - 05/01/2005
05/01/2005 - 06/01/2005
06/01/2005 - 07/01/2005
07/01/2005 - 08/01/2005
08/01/2005 - 09/01/2005
09/01/2005 - 10/01/2005
10/01/2005 - 11/01/2005
11/01/2005 - 12/01/2005
12/01/2005 - 01/01/2006
01/01/2006 - 02/01/2006
02/01/2006 - 03/01/2006


www.flickr.com
This is a Flickr badge showing public photos from Mihai Botea. Make you own badge here.


Add Business in Romania to My Yahoo!
Google


Previous Posts

Links

Business in Romania Feed Burner
 

Business in Romania is powered by Blogger

This website is proud to be designed by Mihai Dragan

I usually listen to THIS kind of music.