STEEL DEAL
November 1st, 2001
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the proposed merger between steel producers Usinor S.A. of France, Luxembourg-based Arbed S.A. and Aceralia Corporación Siderúrgica S.A. of Spain, a deal which would create the world's biggest steel company. To secure regulatory approval, the companies have agreed to sell off steel production and distribution operations in France, Spain, Luxembourg, Belgium, Italy and Portugal.
THE EUROPEAN Commission has cleared the proposed merger between steel producers Usinor S.A. of France, Luxembourg-based Arbed S.A. and Aceralia Corporación Siderúrgica S.A. of Spain, a deal which would create the world's biggest steel company. To secure regulatory approval, the companies have agreed to sell off steel production and distribution operations in France, Spain, Luxembourg, Belgium, Italy and Portugal.
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