Ex-Soviet state to nationalize branch of world’s second-largest steelmaker ...News

Russia Today - Economy
Ex-Soviet state to nationalize branch of world’s second-largest steelmaker
source : Russia Today ( News ) () 80
Kazakhstan announced the decision after yet another incident at one of ArcelorMittal’s local facilities killed more than 30 miners Kazakhstan will nationalize the local assets of ArcelorMittal, the world’s second-largest steelmaker, amid safety concerns after a series of deadly incidents at the company’s Kazakh mines, the press service of Prime Minister Alikhan Smailov announced on Saturday. Astana has reached a preliminary agreement with the shareholders of ArcelorMittal Temirtau (AMT) and is currently readying the transfer of ownership of the company to the Kazakh state. The details of the deal have not yet been

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