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Thursday, Dec 13
2012, 5:21 AM
ArcelorMittal (MT) CEO Lakshmi Mittal confirms the company could be interested in acquiring...
ArcelorMittal (MT) CEO Lakshmi Mittal confirms the company could be interested in acquiring ThyssenKrupp's (TYEKF.PK) steel plant in Alabama. Credit Suisse's Michael Shillaker reckons that buying the facility, likely to fetch $1B-1.5B, "could be a smart move," but probably would add to MT's high net debt. On France, where MT has had its problems, Mittal says it's still a "place we can do business" in.