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ArcelorMittal has inked an agreement to acquire a 13 . 881 % s take in ArcelorMittal Ostrava, a.s. from a subsidiary of PPF GROUP N.V., an international financial and investment group in Central and Eastern Europe, for CZK 6,879,524,000 (about US$ 404.3 million). This values ArcelorMittal Ostrava, a.s. at an enterprise value of about US$264 per tonne of liquid steel capacity. The final payment will be made in 2010. ArcelorMittal will thus increase its stake in ArcelorMittal Ostrava to about 96.4% and PPF GROUP N.V. will step out of the Czech steelmaker's shareholding structure. This agreement is consistent with ArcelorMittal's commitment to continue as one of the largest foreign investors in the Czech Republic.Nike KDArcelorMittal acquires additional stake in Czech unit
Source： Release Date：2010-01-05 298
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ArcelorMittal has inked an agreement to acquire a 13 . 881 % s take in ArcelorMittal Ostrava, a.s. from a subsidiary of PPF GROUP N.V., an international financial and investment group in Central and Eastern Europe, for CZK 6,879,524,000 (about US$ 404.3 million). This values ArcelorMittal Ostrava, a.s. at an enterprise value of about US$264 per tonne of liquid steel capacity. The final payment will be made in 2010. ArcelorMittal will thus increase its stake in ArcelorMittal Ostrava to about 96.4% and PPF GROUP N.V. will step out of the Czech steelmaker's shareholding structure. This agreement is consistent with ArcelorMittal's commitment to continue as one of the largest foreign investors in the Czech Republic.Nike KDShare to：
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