ArcelorMittal Scraps Plan To Acquire 40% Stake In G Steel
20 Dicembre 2011 - 12:14PM
Dow Jones News
ArcelorMittal Netherlands B.V. (MT.AE) has scrapped its plan to
buy 40% of Thailand steel maker, G Steel PCL (GSTEEL.TH), the
company said in a filing with the Securities and Exchange
Commission.
"Conditions according to a share purchase agreement between
ArcelorMittal Netherlands B.V. and G Steel PCL...couldn't be
reached due to factors that are beyond control of ArcelorMittal,"
the company said Tuesday.
-By Oranan Paweewun, Dow Jones Newswires; 66 2690 4200;
oranan.paweewun@dowjones.com
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