June 13, 2006 02:44 ET
Arcelor SA announce Severstal Merger
Luxembourg -- (MARKET WIRE) -- June 13, 2006 --
Press release
Arcelor issues an information document relating to the
Arcelor-Severstal merger
Luxembourg, June 13th, 2006 - Arcelor informs its shareholders that it has
published an information document relating to the Arcelor-Severstal merger on
the Group's website www.arcelor.com (under Investor Relations/News).
In order to ensure that shareholders express a fully-informed opinion on this
proposed merger, the document published by Arcelor describes the following:
- the terms of the planned merger between Arcelor and Severstal,
announced on May 26th, 2006,
- the joint industrial project of Arcelor and Severstal,
- a description of Severstal's assets,
- elements used for the valuation of Severstal and, in particular, its
mining assets,
- comparative data on the Arcelor-Severstal merger and the
Arcelor-Mittal Steel combination
This document is an integral part of the information campaign that Arcelor
intends to launch in order to ensure that its shareholders are fully informed on
the merits of the Arcelor-Severstal merger.
In addition, Severstal is preparing an information memorandum that will provide
a detailed description of the assets that will be contributed to Arcelor in the
Arcelor-Severstal merger, which will be made available to Arcleor shareholders
when ready.
About Arcelor
Arcelor is the number one steel company in the world with a turnover of 32.6
billion euros in 2005. The company holds leadership positions in its main
markets: automotive, construction, household appliances and packaging as well as
general industry. The company - number one steel producer in Europe and Latin
America - ambitions to further expand internationally in order to capture the
growth potential of developing economies and offer technologically advanced
steel solutions to its global customers. In 2006, Arcelor employs 110,000
associates in over 60 countries. The company places its commitment to
sustainable development at the heart of its strategy and ambitions to be a
benchmark for economic performance, labour relations and social
responsibility.For more information visit www.arcelor.com
Corporate Communications
Tel.: +352 4792 5000
E-mail: press@arcelor.com
Patrick Seyler: +352 4792 2360
Luc Scheer:+ 352 4792 4455
Jean Lasar: +352 4792 2359
Spain
Ignacio Agreda: +34 94 489 4162
Oscar Fleites: +34 98 512 60 29
France Sandra Luneau: +33 1 71 92 00 58
Brasil Eimar Magalhaes: +55 31 3219 1257
Investor Relations
E-mail:investor.relations@arcelor.com
Martine Hue: +352 4792 2151
00 800 4792 4792
(toll free from the EU and Switzerland)
France +33 1 71 92 0090
Brasil Christiano Woelffel: +55 31 3219 1245
Arcelor S.A. - Registered office: 19, avenue de la Liberte L-2930 Luxembourg
This information is provided by RNS
The company news service from the London Stock Exchange
END