Arcelor Mittal Press Release on Dofasco
13 November 2006 - 8:15AM
PR Newswire (US)
LUXEMBOURG and LONDON, November 13 /PRNewswire-FirstCall/ --
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. * Mittal Steel Company NV and Arcelor SA
About Arcelor Mittal Arcelor Mittal is the world's number one steel
company, with 320,000 employees in more than 60 countries. The
company, which will be incorporated in 2007 following the
successful tender offer, brings together the world's number one and
number two steel companies, Arcelor and Mittal Steel. Arcelor
Mittal is the leader in all major global markets, including
automotive, construction, household appliances and packaging, with
leading R&D and technology, as well as sizeable captive
supplies of raw materials and outstanding distribution networks. An
industrial presence in 27 European, Asian, African and American
countries exposes the company to all the key steel markets, from
emerging to mature, positions it will be looking to develop in the
high-growth Chinese and Indian markets. Arcelor Mittal key pro
forma financials for the first six months of 2006 show combined
revenues of EUR43,281 billion, with approximate production capacity
of 130 million tonnes a year, representing around 10 per cent of
world steel output. The company respects the highest standards in
corporate social responsibility and intends to periodically publish
significant sustainable development key performance indicators to
live up to this ambition. DATASOURCE: Arcelor Mittal CONTACT:
Contact at Arcelor Mittal's Investor Relations: Continental Europe,
+352-4792-2414; UK/Asia/Africa, +44-207-543-1172; Americas,
+1-312-899-3569; Retail, +352-4792-2434; SRI, +352-4792-2902.
Contact at Arcelor Mittal's Communication, Nicola Davidson,
+44-207-543-1162/1172, Luc Scheer, +352-4792-2360. UK media:
Maitland Consultancy, Philip Gawith, +44-207-379-5151, Lydia
Pretzlik, +44-207-379-5151. French media: Image 7, Tiphaine
Hecketsweiler, +33-1-5370-7470
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