Ispat in $4.5bn deal to form biggest steel firm
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London - Indian-born billionaire Lakshmi Mittal has agreed to acquire the US&#39;s International Steel Group for about $4.5 billion (R27.
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London: NRI business tycoon Lakshmi N. Mittal-owned Ispat International on Monday emerged as world&#39;s largest steelmaker as it announced its merger with The Netherlands-based LNM Holdings and US International Steel Group to form Mittal Steel Corporation.
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Mittal Steel, currently the world&#039;s number one steel maker, is prepared to take a minority stake in European rival Arcelor which wants to merge with Russian giant Severstal, Mittal&#039;s European chief Roeland Baan said in a newspaper interview.
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[World News]: New York, Oct 25 : Global steel major Ispat International Monday announced it was acquiring LNM Holdings of the Netherlands to become the world&#39;s largest steel producer.
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NEW YORK (CBS.MW) - UK billionaire Lakshmi Mittal created the world&#39;s largest steel maker on Monday, buying out Wilbur Ross&#39; International Steel Group and merging it with his Ispat International and LNM Holdings groups in a deal worth almost $18 billion.
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Ispat International, the steel producer controlled by the Indian billionaire Lakshmi Mittal, today announced it had agreed to buy LNM Holdings and International Steel Group in
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India's biggest private steel firm Tata Steel is in talks to acquire Anglo-Dutch steel giant Corus Group in a deal anticipated to be worth more than 10 billion dollars, newspaper reports said.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7 billion-dollar bid.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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Rotterdam, The Netherlands, and Richfield, OH- Ispat International N.V. announced that it has agreed to acquire LNM Holdings N.V. Following completion of the transaction, the company will be renamed Mittal ...
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LONDON: NRI business tycoon Lakshmi N Mittal-owned Ispat International on Monday became the world&#39;s largest steelmaker with a new American acquisition that enables the newly-named Mittal Steel Company straddle four continents and 14 countries.
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AMSTERDAM: Lakshmi Mittal, one of the UK&#39;s wealthiest men, will merge his steel assets and buy International Steel Group in a deal worth $17.
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LAKSHMI MITTAL, the Indian steel tycoon and one of Britainâs richest men, was poised to become head of the worldâs biggest steel company after merging his two businesses
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Thee steel firms - Ispat, LNM and International Steel - join forces to create the world's largest producer.
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Mittal Steel   said on  Monday that it owned 93.7 percent of the share capital of  Arcelor , as it moved toward creating the world's  biggest steel maker.
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Privately-owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International NV and LNM Holdings NV, and then take over U.S.-based International Steel Group Inc.
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Arcelor Mittal , the world's largest steelmaker, will expand its leading position in Mexico with the purchase of integrated steel producer Sicartsa from Grupo Villacero for $1.439 billion.