Arcelor Mittal buys gas distributor
New
Delhi,
Sept
01:
Steelmaker
Arcelor
Mittal
plans
to
buy
most
of
German
gas
distributor
Saar
Ferngas
AG
from
coal
miner
RAG
AG
for
nearly
USD
500
mn,
the
companies
said
Friday.
Arcelor Mittal said the purchase of 76.88 percent of the largest gas supplier in the German states of Saarland and Rhineland-Palatinate for 367 million euros would fit well with its energy network in the region.
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Story first published: Wednesday, September 5, 2007, 17:29 [IST]