Mittal family forms steel giant in &#36;17.8 bln deal
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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 &#36;17.8 billion to form the world's largest steel company.
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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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Mittal Steel Co NV   said  on Wednesday it was announcing the final approval and timetable  of its agreed tender offer for rival steelmaker Arcelor  .
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Indian-born Lakshmi Mittal started out with a steel mill in Indonesia in 1976. By April of next year, the London-based entrepreneur will have bought Wilbur Ross&#39;s International Steel Group
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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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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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The $17.8 billion, three-way deal that Lakshmi N. Mittal, a financier based in London, announced this week would put him at the head of the largest steel company in the world.
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Dutch steelmaker LNM Group says it&#39;s buying US-based International Steel Group to create one of the largest steel companies in the world.
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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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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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Arcelor SA, the steelmaker fighting a hostile bid from rival Mittal Steel Co., said Friday it reached a deal that would give it a controlling stake in Russia&#039;s largest steelmaker Severstal and &#36;1.59 billion in cash in exchange for 32 percent of Arcelor.
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America's biggest steel maker posts solid growth as steel prices soar.
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The world's largest steel company, Arcelor Mittal, reports an annual profit of $10.36bn for 2007.
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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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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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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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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.