Arcelor declares merger with Mittal Steel
{{date|June 25, 2006}}

[[w:Arcelor|Arcelor]], Luxembourg's largest steel company, has reached in an agreement with [[w:Mittal Steel Company|Mittal Steel]] over a €26.9 billion merger (at €40.44 per share). The new company will be called [[w:Arcelor-Mittal|Arcelor-Mittal]]. Mittal Steel will hold 45% stake in the new company. Arcelor would pay [[w:Severstal|Severstal]] €130 million as a "fine" for the fall-out of their failed talks. Lakshmi Mittal (owner of Mittal Steel) and Joseph Kinsch (current Arcelor chairman) will be the co-chairmen of the new company. The new company will have a net capacity of 120 million tonnes.

==Sources==
*{{source|url=http://www.iht.com/articles/2006/06/25/business/steel.php
|title=Arcelor agrees to Mittal merger
|author=
|pub=International Herald Tribune
|date=June 25, 2006}}

*{{source|url=http://inhome.rediff.com/money/2006/jun/25mittal.htm
|title=Arcelor, Mittal decide to merge: Reports
|author=
|pub=Rediff.com
|date=June 25, 2006}}

*{{source|url=http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1151273413087&call_pageid=968350072197&col=969048863851 
|title=Arcelor-Mittal facts
|author=
|pub=TheStar.com
|date=June 25, 2006}}

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[[fr:Arcelor fusionne avec Mittal Steel]]
Arcelor, Luxembourg's largest steel company, has reached in an agreement with Mittal Steel over a €26.9 billion merger (at €40.44 per share). The new company will be called Arcelor-Mittal. Mittal Steel will hold 45% stake in the new company. Arcelor would pay Severstal €130 million as a "fine" for the fall-out of their failed talks. Lakshmi Mittal (owner of Mittal Steel) and Joseph Kinsch (current Arcelor chairman) will be the co-chairmen of the new company. The new company will have a net capacity of 120 million tonnes.

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