Wednesday November 25, 2020

Steel deal: the story of Mittal’s investment in Irish firm

Lakshmi Mittal takes 49% stake in Ecocem France

29th April, 2018

ArcelorMittal, the $68 billion multinational steel giant, has increased its stake in the French subsidiary of Ecocem, a move that will enable the Irish low-carbon cement producer to expand its operations on the continent.

ArcelorMittal, headed by the billionaire tycoon Lakshmi Mittal, has increased its shareholding in Ecocem France from 30 per cent to 49 per cent, according to a statement from the Luxembourg-based conglomerate released last week.

The statement also said that Ecocem France will open a...

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