Arcelor Mittal pens Chinese deal
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The world's largest steel firm, Arcelor Mittal, moves closer to increasing its stake in China Oriental.
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Wanxiang Group, China's top auto parts supplier, is in talks with Ford Motor Co.  to purchase assets from the U.S. carmaker's components business, the Financial Times reported, citing the Chinese firm's founder.
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Billionaires forge a deal: Lakshmi Mittal, one of the richest men in the UK, will merge his steel assets and buy International Steel Group (nyse: ISG - news - people ), which counts US billionaire Wilbur L. Ross Jr.
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A bitter five-month standoff over the future of European steel group Arcelor wound down when Arcelor directors accepted a sweetened partnership deal with Mittal Steel to create a global steel behemoth.
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Wilbur Ross, whose buyout firm created International Steel less than two years ago, is selling the company to Lakshmi N. Mittal, the billionaire steel tycoon, for $4.5 billion.
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The world's largest steelmaker, ArcelorMittal, will slightly cut European production in the third quarter and keep prices steady to help contain a market bloated with Chinese imports, the company said Friday.
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Mittal Steel, the new company to be formed by a merger of British billionaire Lakshmi Mittal&#39;s considerable steel holdings with the International Steel Group, will ship about 57 million tons
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Lakshmi Mittal, chief executive of ArcelorMittal, the steel group, will make the keynote speech at this year&#39;s business book of the year award ceremony in October.
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Mittal Steel  , the  world's biggest steelmaker which is buying its closest rival,  Arcelor , said on Wednesday that its second-quarter  operating profit rose nearly 50 percent on the previous  quarter.
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LAKSHMI Mittal, the billionaire steel magnate who was controversially aided by Tony Blair after donating Â£125,000 to the Labour party in 2001, is performing a double merger to create the world&#39;s largest steelmaker by output.
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Lakshmi Mittal&#39;s $4.5 billion acquisition of International Steel Group Inc. may prompt a spree of deals as the steel industry consolidates to cut costs.
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British billionaire Lakshmi Mittal will be chairman and chief executive of Mittal Steel, which will be the world&#39;s largest steel maker, producing 57 million tonnes of crude steel a year.
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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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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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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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AMSTERDAM -- Steel tycoon Lakshmi N. Mittal yesterday said he would pay $4.5 billion in cash and stock for US steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. from mills whose parents landed in bankruptcy court.
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The French Group Alstom Saturday will sign contracts worth up to 1 billion Euros (1.23 billion dollars) in China for the delivery of trains and locomotives, French sources with knowledge of the deal revealed to AFP.