Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Severstal May Have Lost Battle For Arcelor
27.06.2006 12:53
Severstal May Have Lost Battle For Arcelor

Arcelor has recommended its shareholders to opt for Mittal Steel turning down Severstal's offer. Russian steel giant will not give up, predict the experts.
      
      Russian officials have dubbed such an attitude as 'double standards'. They say Europe does not want to see strong Russian companies on its market. In case the merger were accomplished, it would be the largest steel-making company in the world.
      
      Alexey Mordashov, head of Severstal, is now mulling new proposals to win over the Arcelor shareholders who will come together for a meeting on June 30 to finalize the issue. They will have to decide on either of the companies.
      
      According to Russian Vedomosti daily, Mr Mordashov has support from the Arcelor staff and probably some of the minority holders.
      
      Recently, Arcelor has admitted that if Severstal agrees to buy out its 100% stake, it may win the case.
      
      SOURCE:
      www.vedomosti.ru
      ITAR-TASS news agency


Tags:      

Next Previous


You might also find interesting:

The Share of Wire Transfers in Russia Decreased
16.05.2019
The PMI of Manufacturing Companies Dropped Down
15.10.2019
"Pobeda" has Become the Fourth Largest Russian Company
27.01.2019
Central Bank: the Russian Crowdfunding Market Fell Sharply in 2019
25.11.2019
Food Sharing in Russia
31.10.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Alexander Volkov  Tomsk University  Roman Abramovich  Moscow  gas pipeline  Festivals in Saint Petersburg  Russian International  Blues  New Year  music  Festivals in Moscow  Varya Panina  Russian Metro  Soviet Russia  Russia-Poland  Russian regions  Russian business  Sochi Olympics  Sculpture  Russian tourism  Gus-Khrustalny  St. Petersburg  Active Travel  New Year celebrations  Mercedes-Benz Fashion Week Russia  Russian Cinema  fashion designer  Alexander Pushkin Memorial Apartment  Dalnegorsk  Russian writers  Russina cuisine  education  Kemerovo Region  Murmansk Region  Exhibitions in Moscow  Lev Trotsky  Day of Russia  Russian roads  Security Control  Art Auctions  Silk Painting  Pussy Riot case  History of Russian Culture  Fair Russia party  obituary  Russian designers  Olympics 2012  Musical  travel to Russia  Valery Koshlyakov  


Travel Blogs
Top Traveling Sites