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ArcelorMittal Repurchases Shares from Carlos Tassara International
02/21/2008 - ArcelorMittal announces the repurchase of 25 million shares from Carlo Tassara International SA.
ArcelorMittal announced that on Tuesday, February 19, 2008 it repurchased 25 million shares from Carlo Tassara International SA. Purchases were made under ArcelorMittal’s share buy-back program.
The shares were repurchased at a price of EUR 46.60 per share and for a total amount of EUR 1,165,000,000.
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.
