Laikhsmi N Mittal (ISPAT) buys 3 companies from Paris-based Usinor group.
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Ispat International acquires 3 Usinor companies
Manik Mehta
Luxembourg, July 9: Laikhsmi N Mittal, one of the richest Indians in the world, has finalised a deal for the acquisition of three companies belonging to the Paris-based Usinor group, the world's second largest steelmaker.
Ispat International NV, the flagship of Mittal's LNM group of companies, announced that it had completed all the formalities for the acquisition of Unimetal, Trefileurope and Societe Metallurgique de Revigny (SMR) belonging to the Usinor stable. Ispat International NV, which has its headquarters in Rotterdam, the Netherlands, also appointed the boards of management of the three companies. The activities of these three companies, along with Ispat's other steelmaking operations in Germany and Ireland, will be coordinated by the LNM group's European office in Luxembourg.....
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