Stocks News
- ArcelorMittal to boost stake in Valin
Date: 20-Dec-2007 Sources: (Shenzhen Daily)
ARCELORMITTAL, the world's largest steelmaker, has won approval to increase its minority stake in Shenzhen-listed Hunan Valin Steel Tube & Wire Co.
ArcelorMittal could buy almost half the 520 million new shares sold by Valin Steel, Valin Steel quoted the China Securities Regulatory Commission as saying yesterday. ArcelorMittal will increase its stake to 33.02 percent from 29.5 percent.
Sponsor Results:
