Mittal wins regulatory approval to buy Arcelor

Mittal Steel won regulatory approval for its revised plan to buy its rival Arcelor, creating the world's largest steelmaker.

Mittal Steel won regulatory approval for its revised plan to buy its rival Arcelor, creating the world's largest steelmaker.

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Mittal's offer, which was raised for a second time on June 26 and recommended by Luxembourg-based Arcelor to its shareholders, was approved by regulators in Belgium, France, Luxembourg and Spain, the Luxembourg regulator said ON Wednesday.