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and the new company would now be called
ArcelorMittal, thus successfully ending one of the most controversial and publicised takeover bids in modern corporate history. ArcelorMittal is now by far the largest steelmaker in the world by turnover as well as volume, controlling 10% of the total world steel output.
483:
18.6 billion, £12.7 billion) bid for
Arcelor. On 19 May 2006 Mittal increased its offer for Arcelor by 38.7% to $ 32.4bn, or $ 47.34 per share (€25.8bn, €37.74 per share). On 25 June 2006 Arcelor, in a board meeting announced that it has accepted a further sweetened offer ($ 50.68 or €40.4 per share)
357:
In 1989, the company acquired Iron & Steel
Company of Trinidad & Tobago. In 1992, the company acquired Sibalsa. In 1994, the company acquired Sidbec-Dosco. In 1995, the company acquired Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and also bought Karmet
353:
which had been founded by
Lakshmi Mittal's father in 1984. It was owned by the Mittal family, but in 1995 Ispat International separated from Ispat Industries after various disagreements between Lakshmi and his father.
449:, with the new company to be called ArcelorMittal. The takeover was successfully approved by shareholders and directors of Arcelor making L.N. Mittal the largest steel maker in the world.
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In 2005 Lakshmi Mittal flew into
Jharkhand, India to announce a $ 9 billion investment to build a greenfield steel plant with a 12 million tonnes per annum production capacity.
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for $ 4.8 billion in an auction after a controversial earlier sale for a much lower price to a consortium including the son-in-law of ex-President
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370:, Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort. In 1997, the company went public as Ispat International NV. In 1998, the company acquired
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374:. In 1999, the company acquired Unimétal. In 2001, the company acquired ALFASID and Sidex. In 2002, it bought a majority stake in
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Mittal Steel
Company was formed as Ispat International in 1978. At the time it was part of the Indian Steel company
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after much controversy. In 2006, the company announced investment for a 12 million tonne capacity steel plant in
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producers by volume and turnover. After a merger in 2005, it is now part of
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as the primary auditors for the company. In 2005, the company acquired
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N.V. (both were already controlled by
Lakshmi Mittal) and merged with
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Kanter, James; Timmons, Heather; Giridharadas, Anand (2006-06-25).
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397:. In 2005, the company announced the investment of $ 9 billion in
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425:'s family owned 88% of the company. Mittal Steel was based in
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in 2004. On 25 June 2006, Mittal Steel decided to take over
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Multinational companies headquartered in the
Netherlands
437:. It was formed when Ispat International N.V. acquired
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was cancelled by the incoming government of
President
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was an Indian company and one of the world's largest
247:, flat steel products, coated steel, tubes and pipes
49:. Unsourced material may be challenged and removed.
479:On 27 January 2006 it announced a $ 23.3 billion (
523:Arcelor Mittal (MT). Profile at finance.yahoo.com
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1170:Manufacturing companies disestablished in 2006
366:. Between 1996 and 1997, the company acquired
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553:"FACTBOX-Mittal Steel's saga of acquisitions"
1165:Manufacturing companies established in 1989
378:. In 2003, the company acquired Nowa Huta.
1150:Manufacturing companies based in Rotterdam
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604:
1175:2006 disestablishments in the Netherlands
109:Learn how and when to remove this message
452:
1185:Dutch companies disestablished in 2006
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457:In October 2005 Mittal Steel acquired
599:
535:"New name as Irish Steel sold for £1"
1155:Defunct companies of the Netherlands
47:adding citations to reliable sources
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1190:Dutch companies established in 1989
568:"Arcelor agrees to Mittal takeover"
405:. In 2006, the company merged with
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1160:Steel companies of the Netherlands
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393:. In 2005, the company acquired
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541:. The Irish Times. 31 May 1996.
157:1989 as Ispat International in
34:needs additional citations for
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381:In 2004, the company acquired
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643:History of ferrous metallurgy
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886:Argon oxygen decarburization
504:Tadeusz Sendzimir Steelworks
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1047:Differential heat treatment
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443:International Steel Group
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331:Mittal Steel Company N.V.
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1062:Post weld heat treatment
264:year to 31 December 2005
122:Nipa Steel Company, N.V.
648:List of steel producers
876:Electro-slag remelting
433:by Mittal and his son
298:$ 3.365 billion (2005)
281:$ 4.746 billion (2005)
58:"Mittal Steel Company"
1086:Production by country
453:Bids and acquisitions
1072:Superplastic forming
991:Quench polish quench
881:Vacuum arc remelting
860:Basic oxygen process
855:Electric arc furnace
372:Inland Steel Company
235:(Chairman & CEO)
43:improve this article
1027:Cryogenic treatment
850:Open hearth furnace
838:Primary (Post-1850)
829:Cementation process
716:Direct reduced iron
461:steel manufacturer
368:Irish Steel Limited
304:Number of employees
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798:Primary (Pre-1850)
572:The New York Times
383:Polskie Huty Stali
182:2006 (merged into
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494:ArcelorMittal
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467:Leonid Kuchma
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463:Kryvorizhstal
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60: –
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54:Find sources:
48:
44:
38:
37:
32:This article
30:
26:
21:
20:
1014:Martempering
1009:Austempering
918:Low hydrogen
736:Finery forge
732:Wrought iron
583:. Retrieved
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561:
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538:
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518:
478:
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456:
439:LNM Holdings
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330:
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201:Headquarters
136:Company type
105:
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41:Please help
36:verification
33:
1057:Forming gas
961:Carburizing
818:Wootz steel
784:Steelmaking
683:sponge iron
216:Area served
209:Netherlands
1139:Categories
1114:Luxembourg
1094:Bangladesh
1036:Deflashing
946:Ausforming
789:Steel mill
699:Cold blast
691:(produces
681:(produces
633:production
585:2022-03-20
510:References
364:Kazakhstan
288:Net income
226:Key people
69:newspapers
1067:Quenching
1041:Hardening
1031:Deburring
1001:Tempering
981:Nitriding
976:Induction
966:Cryogenic
933:Hardening
910:Annealing
869:Secondary
752:Cast iron
725:Secondary
704:Hot blast
661:Ironworks
580:0362-4331
459:Ukrainian
427:Rotterdam
413:, India.
399:Jharkhand
358:Steel of
220:Worldwide
205:Rotterdam
191:Successor
163:Indonesia
99:June 2019
951:Boriding
743:Puddling
693:pig iron
679:Bloomery
671:Smelting
488:See also
387:Deloitte
360:Temirtau
241:Products
159:Sidoarjo
144:Industry
1119:Nigeria
902:methods
746:Furnace
499:Arcelor
447:Arcelor
417:Company
407:Arcelor
345:History
313:Website
252:Revenue
179:Defunct
169:Founder
154:Founded
83:scholar
578:
435:Aditya
431:London
411:Odisha
139:Public
85:
78:
71:
64:
56:
1109:Italy
1104:India
1099:China
754:(via
734:(via
631:steel
403:India
376:Iscor
335:steel
245:Steel
148:Steel
90:JSTOR
76:books
738:or
629:and
627:Iron
576:ISSN
421:CEO
322:.com
62:news
758:or
318:www
262:USD
45:by
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97:(
87:·
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39:.
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