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| ArcelorMittal to increase stake in China Oriental ArcelorMittal, the world's largest steel company, announces that it had entered into a shareholders' agreement with the controlling shareholders of China Oriental Group Company Ltd, which will enable ArcelorMittal to eventually raise its equity stake in the company to 73.13 per cent. ArcelorMittal's existing investments in China 's steel industry include an about 29 per cent interest in Hunan Valin Steel Tube and Wire Company Limited and a 12 per cent interest in the Baosteel- Nippon Steel / ArcelorMittal Automotive Sheet joint Venture. write your comments about the article :: © 2007 Construction News :: home page |