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ArcelorMittal Reports Status of Share Buyback Program
10/12/2007 - ArcelorMittal reports that it has repurchased 721,000 shares under the new share buy-back program that was announced on September 13, 2007.
ArcelorMittal announces that it has repurchased 721,000 shares under the new share buy-back program that was announced on September 13, 2007.
The shares were repurchased over the period from October 4 until October 10, 2007. Shares were repurchased at an average price of EUR 54.3979, and for a total amount of EUR 39,220,851.00 €.
ArcelorMittal is the world's largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key pro-forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.
