Monday, November 29, 1999

ArcelorMittal eyeing stake in Indian firm - report

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ArcelorMittal , the world's largest steelmaker, is eyeing a stake in Indian steel and wire producer Ramsarup Industries , the Business Standard reported on Thursday.The newspaper cited unnamed sources in the Kolkata-based Ramsarup as saying the company was in discussion with global companies, including ArcelorMittal, for selling a strategic stake.An ArcelorMittal official declined comment, the paper said.For the full story, see ( by Devidutta Tripathy; Editing by Ranjit Gangadharan)

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