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Mittal Steel to pay for $4.8 bln Kryvorizhstal purchase in 60 days
Journal Staff Report

KIEV, Oct. 28 – Mittal Steel, the world’s largest steelmaker, will channel $4.8 bln for 93% in Kryvorizhstal, Ukraine’s largest steel producer, within 60 days, not 30 days as had been earlier expected, the SPF said Friday.

The new deadline for making the payment was outlined in an agreement that had been signed between Mittal and the SPF four days after Mittal has won the auction to acquire Kryvorizhstal.




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