Joint Venture Buys Sparrows Point, Clears Way for Arcelor-Mittal Merger

August 2007
Metal Center News;Aug2007, Vol. 47 Issue 9, p38
Trade Publication
The article reports that ArcelorMittal Co. has agreed to sell its Sparrows Point mill to a new joint venture, which would satisfy antitrust regulators and clearing the way for Arcelor SA and Mittal Steel NV to complete their merger in the U.S. The joint venture includes Wheeling-Pittsburgh Steel Corp., Companhia Vale de Rio Doce, Industrial Union of Donbass and individual investors. Its sale is made necessary by the Department of Justice as a condition for its approval of the acquisition.


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