Bloomberg News

SMS Plans to Acquire Arcelor’s Paul Wurth Stake, Boersen Says

June 05, 2012

SMS Group plans to acquire ArcelorMittal (MT)’s 48 percent stake in Paul Wurth, Boersen-Zeitung reported in a preview of an article that will be published tomorrow, citing SMS Chief Executive Officer Heinrich Weiss.

SMS is currently in talks with the state of Luxembourg, which owns a majority of Paul Wurth, regarding approval of the planned acquisition, the newspaper said, citing Weiss.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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