10-26-2004, 12:43 AM
<b>Mittal Steel announces merger with US-based ISG </b>
New Delhi
Lakshmi N Mittal's Ispat International on Monday announced the acquisition of LNM Holdings and merger with US-based International Steel Group Inc (ISG) in <b>a deal worth $17.8 billion to form the world's largest steel firm Mittal Steel Co</b>. The new entity will have Mr Mittal as the chairman and Mr Aditya Mittal as president and chief executive officer.
New Delhi
Lakshmi N Mittal's Ispat International on Monday announced the acquisition of LNM Holdings and merger with US-based International Steel Group Inc (ISG) in <b>a deal worth $17.8 billion to form the world's largest steel firm Mittal Steel Co</b>. The new entity will have Mr Mittal as the chairman and Mr Aditya Mittal as president and chief executive officer.