Egyptian Iron and Steel denies tie up talks with ArcelorMittal
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Thursday, 21 Oct 2010
Egyptian Iron & Steel dropped 2.3% to EGP 10.68, the biggest loss in two weeks.
The Cairo based producer of the metal said in a regulatory filing it isn’t the subject of negotiations by its parent company, Metallurgical Industries Holding Co, for a possible partnership with ArcelorMittal.
(Sourced from Bloomberg)
