Ispat completes acquisition of LNM Holdings

Dec 17, 2004 | 08:18 AM | Scott Robertson

Ispat International NV said Friday it officially completed its acquisition of LNM Holdings NV and changed its name to Mittal Steel Co. NV.

Mittal Steel stock will trade on Euronext Amsterdam and the New York Stock Exchange under the ticker symbol MT.

"This is an exciting day for Mittal Steel," said Lakshmi N. Mittal, chairman and chief executive officer. "By bringing these two companies together, we have created a truly innovative leader in the global steel industry. The combined company will have a significant presence in industrialized economies, such as those in North America and in Europe, and in economies that are expected to experience above-average growth in steel consumption, including Asia and Africa.....

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