Posted inIndia, South Asia

ArcelorMittal’s Essar bid hits another hurdle

Lakshmi Mittal, CEO of Luxembourg-headquartered steel giant ArcelorMittal, has seen his dream of acquiring a steel plant in his homeland hit yet another legal hurdle. Last Friday, ArcelorMittal got the nod from the Ahmedabad bench of the National Company Law Tribunal (NCLT) to acquire Essar Steel, which was put on the block after its lenders […]

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