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.
HistoryArcelor 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
TradesThe 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
- Arcelor packaging
- Arcelor Technologies
- Arcelor Car
- Eko Stahl
- Imphy Alloys
- Atlantic Sidmar
- Arcelor and Lorraine (ex Sollac)
- Arcelor the Mediterranean
- Ugine&ALZ * Vega C Sul
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
- 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
- Paul Junck
Many employees per country
Distribution of the shareholdingMany 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
Stock exchange data
- Shares quoted with the Paris Bourse
- Member of the index CAC 40
- Code Value ISIN = LU0140205948
- Face value = euro
- Luxembourg State 6%
- Official site Photo
- of the iron and steel industry Arcelor
- Press review concerning the tender offer launched by Mittal Steel on Arcelor
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