[lbo-talk] Mittal acquires Kazakh firm for $980 mln

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Sun May 13 09:38:23 PDT 2007

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Thursday, Apr 26, 2007

Business - Briefly

Mittal acquires Kazakh firm http://www.hindu.com/2007/04/26/stories/2007042605491703.htm

MOSCOW: Lakshmi N. Mittal has acquired Russian oil firm Lukoil's 50 per cent stake in a Kazakhstan oil firm for $980 million (nearly. Rs. 4,000 crore). Mittal Investments will also take over half of Caspian Investments Resources Ltd's (CIR) outstanding debt, which is equivalent to about $175 million, Lukoil said in a statement.

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