Mittal Steel Company, the world’s biggest steelmaker, confirms that it is involved in discussions with Baotou Iron and Steel Group Co., Ltd. about a possible participation in this company.
Acquiring that much of Baotou would boost output for Rotterdam-based Mittal by about 5 per cent. Mittal Chief Operating Officer Malay Mukherjee declined to estimate how much the stake would cost or how long talks will last.
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