Mittal to Buy ISG, Create World&#39;s Largest Steelmaker
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Indian-born billionaire Lakshmi Mittal, who made a fortune buying mills from Algeria to Mexico, agreed to acquire Wilbur Ross&#39;s International Steel Group Inc.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus   with a 6.2 billion pound ($12.2 billion) offer.
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Arcelor Mittal  said on Wednesday it will acquire Sicartsa, a Mexican intergraded steel producer, from Mexican steel maker Grupo Villacero for $1.439 billion.
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NEW DELHI -- India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.
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Angang New Steel Co., the Hong Kong- traded arm of China&#39;s second-largest steelmaker, agreed to buy assets from its parent for 18 billion yuan ($2.2 billion) as metals demand rises in the world&#39;s fastest-growing major economy.
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A privately-owned Dutch steelmaker headed by billionaire Lakshmi Mittal is buying US-based International Steel Group Inc. for about $4.
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The &quot;bigger is better&quot; mind-set dominating the steel industry reached new heights yesterday when billionaire baron Lakshmi Mittal said he&#39;ll create the world&#39;s largest
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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 US-based International Steel Group, which would make it the largest steel company in the world.
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Ispat International NV (IST.N: Quote, Profile, Research) (ISPA.AS: Quote, Profile, Research) on Monday said it would buy LNM Holdings NV and then will purchase International Steel Group Inc.
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Lakshmi Mittal, one of the UK's  wealthiest men, will merge his steel assets and buy  International Steel Group Inc. in a deal worth $17.8 billion to  form the world's largest steel company.
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Mittal Steel said it had signed a deal to take a 37 percent stake in one of China's leading steelmakers, giving the group its first production platform in the world's fastest growing steel market.
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Mittal Steel, the world's biggest steel producer, announced that it controls 91.88 percent of European steel maker Arcelor following its 25-billion-euro takeover bid.
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Netherlands-based steelmaker Ispat International NV said Monday that it agreed to acquire LNM Holdings NV and International Steel Group Inc.
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Mittal Steel, the biggest steel producer in the world, announced that it had acquired at least 50 percent of Arcelor shares, the minimum amount Mittal has set for the takeover to go ahead.
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Arcelor Mittal, the world's biggest steel group, has secured a new credit line of 17 billion euros (22.6 billion dollars) with a syndicate of 26 banks.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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Ispat Iscor on Monday said it was delighted with the formation of the new Mittal Steel company, which moved it from the world&#39;s number two steel group to the world&#39;s biggest steel company.