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December 18, 2008
ArcelorMittal SA ends empowerment talks
Steel producer ArcelorMittal South Africa has terminated negotiations to sell a stake in a black economic-empowerment (BEE) transaction, the company said on Thursday.
Spokesperson Sven Lunsche said it had ended the talks due to the current economic climate, which made merger and acquisition transactions "difficult".
Posted by StaffWriter at December 18, 2008 1:43 PM