Friday, February 03, 2006

French minister calls for calm on bid for Arcelor

THE French Finance Minister sought to calm the escalating row over Gallic protectionism yesterday when he admitted that Paris had no power to block Mittal Steel’s bid for Arcelor, the European steel making group.
In a marked change of tone after days of attacks on Lakshmi Mittal’s group, Thierry Breton described the offer as “normal business life”.

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