Deals that changed the market in 2006: Mittal Steel’s takeover of Arcelor

Six deals that changed the market in 2006

Mittal Steel’s hostile takeover bid for Arcelor launched in January 2006 pitched the new world against the old, a family-run, entrepreneurial, aggressive upstart – built up from its foundations in Indonesia in the 1970s through the acquisition of struggling, almost bankrupt privatized national steel companies in central and eastern Europe – against a grand if rather sleepy grouping of old national champions of western Europe, tracing their origins to the late 19th century.