Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Dofasco Steel Sale Hits a Speed Bump

Nov 14 2006

Arcelor Mittal has been informed that the directors of the Strategic Steel Stichting, the Dutch foundation that holds the shares of Dofasco Inc., decided on November 10 not to dissolve the foundation, which would have permitted the sale of Dofasco. The boards of both Mittal Steel Company NV and Arcelor SA had previously requested the directors of the foundation to dissolve the foundation in order to allow the sale of Dofasco. Arcelor Mittal is reviewing the situation and will be in contact with the US Department of Justice.

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