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ArcelorMittal announced decision on borrowing vehicle

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Posted on July 5, 2007 by Stefan Schwarz

On June 20, ArcelorMittal announced that Arcelor Finance, a Luxembourg governed corporate partnership limited by shares, will become the principal borrowing vehicle of the ArcelorMittal Group.

A substantial portion of the debt currently held at the level of ArcelorMittal will be transferred to Arcelor Finance at the time of implementation of the second step of the merger process between ArcelorMittal and Arcelor. All existing and future debt of Arcelor Finance Edit Post ‹ www.arcelormittal.tv — WordPresswill be fully and unconditionally guaranteed by ArcelorMittal.



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  • July 5th, 2007 by Doug Buchanan

    By calling the new finance-oriented entity “Arcelor Finance”, you may generate unpleasant thoughts or questions from former Arcelor employees about why it’s not called “ArcelorMittal Finance”




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