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ArcelorMittal Reports Status of Share Buyback Program
01/21/2008 - Under share buy-back programs announced on September 13 and on December 12, 2007, ArcelorMittal has repurchased 1,007,333 shares from January 10 through 16, 2008.
ArcelorMittal announced that it has repurchased 1,007,333 shares from January 10 through 16, 2008 under the new share buy-back programs as announced on September 13 and on December 12, 2007.
Shares were repurchased at an average price of EUR 48.23355 and for a total amount of EUR 44,864,124.70.
ArcelorMittal is the world's largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.
