Arcelor preparing public offering for remaining CST common stock

Dec 21, 2004 | 09:35 AM | Diana Kinch

European steelmaking giant Arcelor SA is poised to make a public offer for the common stock of Cia. Siderurgica de Tubarão (CST) that are still on the market following its formal completion of two share transactions in the expanding Brazilian steelmaker.

The move is part of Luxembourg-based Arcelor's previously announced strategy to combine its South American steelmaking interests in a new, majority-owned Arcelor subsidiary, which should start to be traded on the São Paulo stock exchange by the end of 2005.....

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