Arcelor Sells Its ``Distribution Pum Plastiques'' Business.Business Editors LUXEMBOURG--(BUSINESS WIRE)--Oct. 31, 2003 Arcelor This article appears to contradict the article Arcelor Mittal. Please see discussion on the linked talk page. Arcelor S.A. (Euronext: LOR) is the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of (Paris Exchange: CELR.PA) announces that its subsidiary PUM PUM Peanut-reactive Urinary Mucin PUM Personal User Mobility PUM Potenziali di Unità Motoria (Italy) PUM Programmable User Mode PUM Power up Mode PUM Pop up Menu PUM Product Unit Manager PUM Projected Residential Space has signed an agreement regarding the sale of its Plastics business (Pum Plastiques Group) to the company Point. P (Saint-Gobain Saint-Gobain is also a commune of the Aisne département, in northern France. Saint-Gobain SA (Euronext: SGO) is a French multinational corporation, founded in 1665 in Paris and headquartered just on the outskirts of Paris at La Défense. Group). This deal, realized considering an enterprise value around 185 million euros, will be concluded by year end. Pum Plastiques, specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. in the distribution of plastic products, for the Construction and Infrastructures markets, expects a turnover of 234 million euros in 2003, with a workforce of more than 860 persons. Its distribution network includes 127 agencies in France, Spain, Poland and Belgium. Joining Saint-Gobain Group, Pum Plastiques will be integrated in the strategic development of a highly competitive world leader in the construction sector. This transaction will be submitted to the anti-trust authorities and the information and consultation of the appropriate bodies representing the workforce. With 104 000 employees in over 60 countries, Arcelor is the world's largest steel producer, with a production of around 44 million tons of steel and a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma turnover of more than 26.6 billion euros in 2002. |
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