Arcelor Mittal to buy Sicartsa for $1.44B
Dec 20, 2006 | 05:57 AM
|
Arcelor Mittal has signed a deal to acquire Siderúrgica Lázaro Cárdenas Las Truchas (Sicartsa), a integrated long products mill in Mexico, from Grupo Villacero SA for $1.44 billion.
The move will make Luxembourg-based Arcelor Mittal, already the world's largest steelmaker, into Mexico's largest producer. It also marks the first major acquisition by the group since Arcelor SA and Mittal Steel Co. NV agreed to merge last year. That process is still incomplete.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here