Mittal Is No.1 After Steel Deal Is Sealed

Evening Standard - London › October 29, 2004

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Summary

BILLIONAIRE steel tycoon Lakshmi Mittal made his most audacious business move yet as he unveiled a takeover that propels his steel empire to the global number one spot.

Mittal merged his two steel companies, Ispat and LNM, as widely expected, but he also sprang a $4.5 billion (Pounds 2.5 billion) takeover of US giant International Steel Group.

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Mittal Is No.1 After Steel Deal Is Sealed

The combined entity,...

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