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Economic

ArcelorMittal To Hike Share Capital Of 2 Romanian Subsidiaries

ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal, will invest 370 million lei (EUR86 million) in the capital stock of its Romanian subsidiaries Tubular Products Roman (PTRO.RO) and Tubular Products Iasi (TPRO.RO).

Florentina Dragu · 22 decembrie 2011 · 1 min de citit

ArcelorMittal Tubular Products Roman will increase its share capital by RON292.1 million to RON328.2 million, while the capital of ArcelorMittal Tubular Products Iasi will be raised to RON241 million, from RON162.9 million presently.

The two companies will discuss the operation at a shareholder meeting due January 26.

ArcelorMittal Tubular Products Holding owns has 69.7% of ArcelorMittal Tubular Products Roman’s shares and 96.3% of ArcelorMittal Tubular Products Iasi. (EUR1=RON4.3011)

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