Arcelor Mittal could de list Acesita in long term Analysts

Wednesday, 18 Apr 2007

BNamericas citing Mr Pedro Galdi an investment analyst of ABN Amro Corretora reported that Arcelor Mittal could de list Brazilian specialty steel producer Acesita in the long term.

Mr Galdi told BNamericas that "I don't see anything happening with the company in the short term, but in the long run anything is possible."

He however said that it's hard to affirm what Arcelor Mittal will do. According to Mr Galdi said Arcelor Mittal has three choices regarding Acesita leave the company as it is, sell the controlling stake or de list it.

Minas Gerais state based Acesita has capacity of 900,000 tonnes per year liquid steel.