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November 15, 2007

ArcelorMittal unit lines up BEE partners - SA steel maker will need parent's buy-in

ArcelorMittal South Africa was negotiating to sell a stake to black investors, the steel producer said yesterday.

It was not immediately clear how the deal would be structured to the satisfaction of its European parent, which prefers to own a controlling share in the companies in which it invests.

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Posted by StaffWriter at November 15, 2007 11:35 AM