(Bloomberg) -- China's Laiwu Steel Group has
extended an agreement to sell 38 percent of its publicly traded
unit, Laiwu Steel Corp., to Arcelor Mittal, the world's largest
steelmaker, as it has yet to receive government approval.
Laiwu Steel Group, the nation's eighth-largest mill, and
Arcelor Mittal extended the accord to Dec. 31, the Laiwu,
Shandong province-based Laiwu Steel Corp. said in a statement to
the Shanghai Stock Exchange today. The statement didn't say when
the initial agreement expires.
Read more at Bloomberg Commodities News
extended an agreement to sell 38 percent of its publicly traded
unit, Laiwu Steel Corp., to Arcelor Mittal, the world's largest
steelmaker, as it has yet to receive government approval.
Laiwu Steel Group, the nation's eighth-largest mill, and
Arcelor Mittal extended the accord to Dec. 31, the Laiwu,
Shandong province-based Laiwu Steel Corp. said in a statement to
the Shanghai Stock Exchange today. The statement didn't say when
the initial agreement expires.
Read more at Bloomberg Commodities News
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