European steel giant Arcelor is set to merge with the Indian-owned Mittal, despite initial resistance from European politicians.
The deal, which would create the world's largest steel producer, was clinched after more than eight hours of talks on Sunday (25 June) which saw substantial concessions from Mittal, according to press reports.
The €25.8 billion merger, which still needs shareholders' consent this week, follows a month-long saga in which Arcelor's leadership, backed by ...
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