日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

   

Arcelor Mittal expects nod for Laiwu stake soon

By Thomas Kutty Abraham and Kartik Goyal (Bloomberg News )
Updated: 2007-03-27 13:34

Arcelor Mittal, the world's largest steelmaker, expects to win regulatory approval to buy a stake in Chinese steelmaker Laiwu Steel Corp in the next two months, strengthening its position in the biggest market for the metal.

Laiwu would be Luxembourg-based Arcelor Mittal's second investment in a Chinese steelmaker. The company agreed on March 6 to pay about $148 million to buy new shares and increase its stake in Hunan Valin Steel Tube & Wire Co to 33.3 percent.

"We are awaiting the National Development and Reform Commission's approval," CEO Lakshmi Mittal told reporters in New Delhi, India, after a board meeting of the International Iron & Steel Institute. Asked how long that decision might take, he said a "couple of months".

China accounts for about a third of global steel output and its production has expanded more than fourfold in a decade. Arcelor Mittal, which makes almost a tenth of the world's steel, has targeted growth in China and India, the two most populous countries.

Laiwu Steel Group, the founder of Laiwu Steel Corp, said on January 4 that it was in talks with Arcelor Mittal to extend an agreement to sell 38 percent of its publicly traded unit.

Laiwu Steel Group, China's eighth-largest mill, has yet to receive regulatory approval for the sale, Laiwu Steel Corp said in a statement to the Shanghai Stock Exchange. The statement didn't say when the sale agreement expires or the length of the extension being sought.

Arcelor Mittal expects to buy half of the government's holding in Laiwu Steel Corp, Mittal said. "It's going to be an equal partnership. It could be only 50 percent of about 74 percent owned by the government," he said.

Baotou Iron & Steel Group, another Chinese steelmaker, said on March 6 that it ended talks with Arcelor Mittal on selling a stake, according to Chairman Lin Donglu.

Baotou Steel hadn't managed to seal an agreement with Arcelor Mittal and will concentrate on finding a local partner, Lin said.

Bloomberg News

(China Daily 03/27/2007 page14) 


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 欧美a区| 亚洲 欧美日韩 国产 中文 | 亚洲欧美另类日韩 | 国内精品久久久久久99蜜桃 | 一97日本道伊人久久综合影院 | 浮力影院草草影院 | 妞干网av| 丁香五月亚洲综合在线 | 毛片毛片毛片毛片毛片毛片 | 天天操夜夜做 | 亚洲韩国精品 | 一区二区三区国产免费 | 午夜影院恐怖电影免费看 | 亚洲欧美日韩中文字幕在线一区 | 色综合久久88中文字幕 | 欧美色性视频 | 视频毛片 | 亚洲精品久久AV无码蜜桃 | 日韩精品在线一区 | 亚洲高清视频在线 | 草色在线 | 欧美成人免费丝袜视频在线观看 | 久久视频这里只精品3国产 色偷偷偷 | 大逼视频| 爱爱视频天天干 | 欧美一性一看一免费视频 | 第三级视频在线观看 | 成人亚洲精品 | 亚洲欧美视频在线播放 | 李欣汝| 成人午夜免费视频 | 免费在线观看成人 | 久久精品男人的天堂 | 狠狠操伊人 | 日韩欧美一级精品久久 | 九九在线精品视频 | 日韩性色 | 一级毛片在线看在线播放 | 奇米狠狠色 | 免费看香港一级毛片 | 亚洲视频欧美 |