Mittal's case cost Arcelor; to quit Paris stock mkt
European steelmaker Arcelor is to be temporarily removed from the CAC 40 and SBF-120 exchanges in Paris at the end of trade on Friday for technical reasons related to Mittal Steel's offer for the group, bourse operator Euronext said on Wednesday.
By Agencies |
PARIS: European steelmaker Arcelor is to be temporarily removed from the CAC 40 and SBF-120 exchanges in Paris at the end of trade on Friday for technical reasons related to Mittal Steel's offer for the group, bourse operator Euronext said on Wednesday.
It said its expert commission took the decision "for strictly technical reasons."
"It is intended to prevent any threat to the normal completion of arbitrage operations, notably on the CAC 40 index, during the offer, and does not in any way assume any particular outcome for the operation under way," it said in a statement.
It said its expert commission took the decision "for strictly technical reasons."
"It is intended to prevent any threat to the normal completion of arbitrage operations, notably on the CAC 40 index, during the offer, and does not in any way assume any particular outcome for the operation under way," it said in a statement.
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