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29 Jul
13:03

ArcelorMittal buys Spanish tubemaker Condesa Tubos

ArcelorMittal says it has signed a binding agreement with Condesa Tubos for the acquisition of the 67% shareholding it does not own in the Spanish welded tube manufacturer, Kallanish learns from the steelmaking giant. ArcelorMittal has had a 33% participation in the company since February 2016, as a result of its restructuring within the framework of the so-called “Phoenix Project”. The balance of shares is owned by banks …
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