ArcelorMittal in talks with Angang Steel
By Peter Marsh in London
Published: May 4 2008 22:01 | Last updated: May 5 2008 01:49
ArcelorMittal, the world’s biggest steel producer, has held informal discussions with Angang Steel about working with China’s second-largest steel company in an effort to extend its presence in the country.
Lakshmi Mittal, the Indian billionaire chief executive and main owner of ArcelorMittal, proposed buying a near 25 per cent stake in Angang to Zhang Xiaogang, Angang’s chairman, in a private meeting just over two months ago.
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