Arcelor

Arcelor (), is a group iron and steel European having its head office with the Luxembourg, born from fusion, effective the February 18th 2002, of three European steelmakers: Aceralia (Spain), Arbed (Luxembourg) and Usinor (France).

He was the first world producer of Acier with 42,8 million tons (4,5 % of the worldwide market) until October 2004, when the creation of the group Mittal charms this first place to him. In 2003, its annual Turnover rises to 25,9 billion Euro S, for a bottom line of 257 million. The group employs approximately 98 000 people in 60 countries.

January 28th, 2006, Mittal Steel Company makes a hostile Public offering of purchase on Arcelor for 18,6 billion euros, but only one quarter in cash. Arcelor has 17,6 billion euros of equities. At the end of February 2006, after a rise of Arcelor, the market cap of the two groups is almost identical.

History

Arcelor was born from the fusion of Aceralia (Spain), Arbed (Belgium - Luxembourg) and Usinor (France). Will of three European groups to mobilize their technical, industrial synergies, commercial, around a joint project, to create a world leader who has as an ambition to affirm himself like a value of reference in the steel industry.

Startup officially on February 19th, 2001, fusion became effective on February 18th, 2002 with quotation out of Arcelor stock exchange. The choice of the name Arcelor for the new unit was announced on December 12th, 2001.

Chronology of Arcelor

2002 : Creation and strategic alliance with Steel Japanese.
November 23rd, 2005: Purchase offer of the Canadian company Dofasco for 4,3 billion dollars CA (for more details, to see).
December 24th, 2005: Following a higher offer of ThyssenKrupp AG for Dofasco, it improves its purchase offer, which passes to 3,65 billion euros (for more details, to see).
January 27th, 2006: Mittal Steel Company lance a tender offer of 18,6 billion euros on Arcelor ().
February 20th, 2006: Dofasco accepts the offer of Arcelor
May 19th, 2006: Mittal Steel Company increases its offer to 25,8 billion euros to acquire Arcelor. Certain observers speculate that Mittal tries to make counterweight with an acquisition of a holding, in Arcelor, of the Russian steelworks Magnitogorsk ().
May 26th, 2006: With an aim of countering the hostile tender offer of Mittal, Arcelor announces a fusion with the Russian company Severstal (which obtains 32% of the capital), which will give rise to the world number one of steel. The transaction is estimated at 12 billion euros ().
June 25th, 2006: After transformation of the hostile tender offer into a nonhostile offer of tender offer on behalf of Mittal Steel Company assembling itself on the whole to 26,9 billion euros (40,37 euros per Arcelor action) and of the concessions, the board of directors of Arcelor accepted this offer unanimously. The creation of the group Arcelor-Mittal is announced. ()
July 26th, 2006: Taking into account the result of the public offering of Mittal Steel aiming at the Arcelor actions, the Scientific advice of the Indices of Euronext decided the final withdrawal of the Arcelor value of indices CAC40 and SBF 120.
June 22nd, 2007: the Senator Marini asks the French government to intervene on the unilateral revision of the parities of fusions imposed by Mittal Steel N.V, which injures the minority shareholders of Arcelor S.A.
June 28th, 2007: the Senator of the the Moselle Jean-Louis Masson asks the French government to intervene on the unilateral revision of the parities of fusions imposed by Mittal Steel N.V

Trades

The group is made up around 4 principal branches:

flat steels with carbon (sheets for car, packing, construction, household electricals)
products long (rails, beams, bars)
stainless steels (also called stainless)
the transformation and distribution of the products

Principal subsidiary companies

Acesita
Acindar
Arcelor packaging
Arcelor Technologies
Arcelor Car
Eko Stahl
Industeel
Imphy Alloys
Atlantic Sidmar
Arcelor and Lorraine (ex Sollac)
Arcelor the Mediterranean
Trefilarbed
Ugine&ALZ * Vega C Sul

Countries (or groups of country) BRICET (Brazil, Russia, India, China, Europe, Turkey) constitute the essence of positioning to come.

Head office at January 1st, 2006

Guy Dollé: head office, CEO
Michel Wurth chair: vice president of the head office, DG Plats Carbon
Roland Junck: vice president, DG Longs Carbon
Gonzalo Urquijo: CFO, DG Arcelor Steel Services

The group Arcelor-Mittal was under the direction of Roland Junck between the August 4th 2006 and on November 6th, 2006, dates to which Lakshmi Mittal took again the head of the group in spite of its initial promises.

Board of directors

Joseph Kinsch, chairman
Jose Ramón Álvarez Rendueles, vice president of the council

Director:

H.R.H. Prince Guillaume of Luxembourg
John Castegnaro
Jean-Yves Durance
Noel Forgeard
Jean-Pierre Hansen
Ulrich Hartmann
Antoine Spillmann
Hedwig De Koker
Manuel Fernández López
Michel Marti
Daniel Melin
Edmond Pachura
Francisco Javier of Rivetted Garriga
Sergio Silva de Freitas
Georges Schmit
Fernand Wagner

Secretary-general:

Paul Junck

Statistical data

Many employees per country

Distribution of the shareholding

Many actions at September 30th, 2005, 639.774.327 actions. 85,7 % also include/understand the actions held by the group, estimated at 4,2% by the newspaper Le Monde

Financial data

Stock exchange data

Shares quoted with the Paris Bourse
Member of the index CAC 40
Code Value ISIN = LU0140205948
Face value = euro

Shareholder principal:

Luxembourg State 6%

See too

Sollac
List of the steel producers
ArcelorMittal

External bonds

Official site
of the iron and steel industry Arcelor
Press review concerning the tender offer launched by Mittal Steel on Arcelor

References

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