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ArcelorMittal Acquires 50% Share in Gonvarri Brasil and Enters Brazilian Steel Service Centre Market.

Publication: Business Wire
Publication Date: 03-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LUXEMBOURG -- Regulatory News:

ArcelorMittal, the world's largest and most global steelmaker, announces the acquisition of a 50% share of Gonvarri Brasil to form a Steel Service Centre joint venture. Gonvarri Brasil is one of the major players for servicing automotive, industry and distribution customers. ArcelorMittal and Gonvarri group have had a close relationship for many years - ArcelorMittal holding a significant stake in Gonvarri Holding and being a major supplier. The two groups already own a common facility in Senica, Slovakia, which started operations in...

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