Business Atlas

How Enterprise Is Built
Sign In
Text size
100%
Theme
Corporate Events

Formation of ArcelorMittal

Mergers and Acquisitions

Citation Formats

General Reference

APA Style

BibTeX

Mittal Steel's roughly 33 billion dollar hostile-turned-friendly takeover of Arcelor, completed in 2006 after a bitter months-long battle marked by nationalist opposition in France and Luxembourg, formed ArcelorMittal, the world's largest steel producer by a wide margin. The combined company, led by Lakshmi Mittal, controlled roughly one-tenth of global steel output and became a landmark case in the consolidation of the global steel industry.

Facts
Event Type
Merger 1
Event Year
2006 1
Cross-Tradition Connections

Associated With

Sources
Comments (0)
No comments yet. Be the first to share a thought.
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.

View At A Past Year

The atlas records no dated fact of its own for this entry, so there is no other year to choose.