Case study CASE STUDY: LAKSHMI MITTAL AND THE GROWTH OF MITTAL STEEL QUESTION 3: What benefits does Mittal Steel bring to the countries that it enters? Are there any drawbacks to a nation when Mittal Steel invests there? ANSWER 3: Mittal Steel brings several benefits to the countries that it enters. It’s presence in the market is beneficial as it focuses on acquiring and improving distressed companies. These acquisitions also help contribute more capital to each country. However‚ they are
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Arcelor-Mittal is an integrated steel and mining company. Many think that the company was formed in the United States of America‚ but the fact is that the company was organized and registered in Luxembourg. The company’s article of association highlights those facts. The company is registered as a public limited liability company (“Societe Anonyme”) in Luxembourg‚ and the corporate purpose of the company is to manufacture‚ process‚ and market steel to the general public. History The name Arcelor-Mittal
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................................5 2.3 Oligopoly ....................................................................................6 III. Company Profiles ............................................................................6 3.1 Arcelor Mittal .............................................................................6 3.2 Nippon Steel Corporation ...........................................................7 3.3 Shanghai Baosteel Group Corporation .............................
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his appreciation of American culture‚ so as to help him integrate his Chinese and American workers. Or Lakshmi Mittal‚ the London-based Indian boss of Arcelor Mittal‚ who says his multinational team of executives get on so well that he forgets there are different nationalities in the room‚ and who believes his firm has no nationality‚ instead being “truly global”. Lenovo and Arcelor Mittal are at the leading edge of a new phase in the evolution of the multinational corporation‚ as our special report
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INTRODUCTION Lakshmi N. Mittal is the Chairman and CEO of ArcelorMittal. He was born in Sadulpur in Rajasthan‚ India on June 15‚ 1950. He graduated from St Xavier’s College in Kolkata where he received a Bachelor of Commerce degree. Mr. Mittal is married to Usha Mittal‚ and has a son‚ Aditya Mittal and a daughter‚ Vanisha Mittal Bhatia. Mr. Mittal founded Mittal Steel Company (formerly the LNM Group) in 1976 and guided its strategic development‚ culminating in the merger with Arcelor‚ agreed in 2006‚
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0702061 Section B Mittal’s bid for Arcelor was a hostile bid. A takeover is considered "hostile" if either the board rejects the offer‚ but the bidder continues to pursue it‚ or the bidder makes the offer without informing the board of the target beforehand. On the other hand‚ Gujarat Ambuja deal was a friendly deal where both parties agreed to the price and the deal was done. It was totally different from the Mittal Steel one. Mittal Steel can be compared with ITC-BAT (British American
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Summary I. Basis 2 A. Arcelor-Mittal and Arabic countries 2 B. Objectives 2 C. Overview of the protagonists 2 1. A geopolitic tensed 2 2. Geography and infrastructures logistics 3 3. COFACE classification 3 4. Decision 4 II. ArcelorMittal in syria and in Arabia Saudi 4 A. Syria 4 1. Country profile 4 2. Regulatory 4 3. Financial incentives 4 4. Infrastructures 4 5. Industry 5 6. Latakia industrial city 5 B. Saudi Arabia (KSA) 5 1. Country profile 5 2. Private sector 5 3.
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Lakshmi Mittal Leadership Traits • Lakshmi Mittal is highly motivated person who has set a strong vision in front of him and worked hard to achieve that target. • Visionary and creative: Lakshmi knows steel business in depth. His vision to take opportunities anywhere in the world helped him to acquire and refurnish failed steel cites • Although due to negotiation and adaptability skills he sounds very tough in business but he not only leads on corporate level but also got experience on hand
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Lakshmi Mittal Biography: Lakshmi Mittal Profile Lakshmi Mittal Born on 15th June 1950 in Sadulpur village‚ in the Churu district of Rajasthan‚ India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs‚ EADS and ICICI Bank and is presently the vice chairman of the World Steel Association. Mittal has grown the family business into one of the largest steel companies in the world‚ with steel making
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PROJECT ON strategies to defence takeover targets Submitted TO- Submitted BY- PROF.SAMSON MOHARANA PRAGYNA DASH(11MFC013) RITU LALA(11MFC018) ALINA SHARMA(11MFC025) MADHUSMITA JENA(11MFC019) JAGDISH BEHERA(11MFC07) MASTER OF FINANCE AND CONTROL UTKAL UNIVERSITY‚ VANIVIHAR‚ BHUBANESWAR INTRODUCTION Takeovers are taking place all over the world. Those companies
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