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GISMETEO.RU
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Business    

Mittal pays for Kryvorizhstal, names new boss, ???synergy??™ goals
Journal Staff Report

LONDON, Nov. 25 - Mittal Steel Company on Friday announced the completion of its acquisition of 93.02% of Kryvorizhstal, providing details of both its financing and assumption of operational control of Ukraine??™s largest steel mill.

Mittal has apparently wasted no time taking over actual operation of the mill. Along with Friday??™s announcement came word of the appointment of Narendra Chaudhary, a 12-year veteran with Mittal as CEO of Kryvorizstal.




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