Arcelor Mittal sells German mill for $786.4M

Dec 06, 2006 | 07:29 AM |

Arcelor Mittal has sold German sections mill Stahlwerke Thüringen to Spain's Grupo Alfonso Gallardo for 591 million euros ($786.4 million).

The European Commission required the sale of the mill in Unterwellenborn as a condition of allowing Arcelor SA, Luxembourg, and Mittal Steel Co. NV, Rotterdam, to merge. "Thüringen is a high-quality facility and I am delighted that....

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