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Article: ArcelorMittal announces acquisitions in Austria, Uruguay
- Article from:
- AP Worldstream
- Article date:
- December 24, 2007
CopyrightCopyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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ArcelorMittal on Monday announced the acquisition of Cinter SA, a stainless steel tube producer in Uruguay, and Eisen Wagner GmbH, an Austrian steel distribution company.
The world's largest steel company said the acquisitions would strengthen its position in South America and Central Europe.
Luxembourg-based ArcelorMittal said it had signed a share purchase agreement to acquire 100 percent of shares in the Austrian company, but its statements did not say how much it had paid for either company.
ArcelorMittal said Cinter enjoys a strong position in stainless steel tubes with net sales for the year up to ...